But the right lender can help you unlock financing that traditional banks simply won’t touch—often with better terms, lower down payments, and more flexibility than conventional options.SBA Loans for Real Estate: 7(a) vs. 504—Which One is Right?

The upside is that higher rates have taken some of the competition out of the market, and in the event rates lower, you can refi and make a good deal that much better.Having said that, there are plenty of financing options and you should absolutely talk to several local lenders and shop it around.Using an FHA product to purchase a multi-unit where you live in one and rent the other(s) is one way to avoid some of the highest rates (house hacking).

The idea of living in one unit and having rental income cover a significant portion of my mortgage was a game-changer.

But if this is a one-off, it's probably better to pay a local co-host who already has the local connections.Talk to @J.

I'm targeting a double-digit cash-on-cash return in year one.

One unit is vacant.

I’ve read the Bigger Pockets book on long-distance real estate and am eager to get the ball rolling. 

One housing authority wouldn’t even entertain the request, while another was open to it because it was an affordable housing property, requiring just an application for the exemption.From my experience, dealing with government agencies, especially when trying to save money or get financial benefits, can be a slow process.

Movement Bank, a sister company to the one I work for (Movement Mortgage) is great as well.

Since most subscription are auto renew, it's difficult to prevent an unwanted renewal and you're stuck trying to get your money back.What I have learned to doMy credit card allows me to make a temporary one use credit card number for just such a situation.