These names frequently come up in investor circles because of their reliability.Speak Directly to Their Team: Legitimate lenders will have knowledgeable representatives willing to explain their loan products and processes in detail.

Hi @Stefano Vrolijk, my team and I help foreign citizens purchase investment properties all the time.

Also looking to build a solid Long Island based team (Agent, contractor, lender).

Agree with all above,Gap funding is a great strategy for those that work efficiently and have a team that they trust.

I started bringing donuts for their team when I would stop by to get keys from them.While this anecdote has more to do with client retention than acquisition, I still find it interesting. 

So, yes, you can absolutely have a great rental business as an out of state ( and even international ) investor, as long as you have a solid team that are your boots on the ground. 

BRRRR deals can be trickier to come by in these spots due to their higher demand, but the way to go is to build a solid team with local connections who can share insights and bring you deals!

Insurance right now is wild, so I'd get a solid broker on your team - I'd be happy to share my contact if that would help.Also, aren't most of the existing insurances shared on the OMs for the properties? 

This is after all construction in Los Angeles, if you've never done it before add 50k.If you have $500,000 in cash I suggest you use it elsewhere, this years long headache is likely not worth the 1000's of man hours you will also have to put into it running your very own team of scientists.

The fact I can go to my kid's golf game today, yet still catch a vendor overcharging me $81 the day before on a SFR in Georgia makes me feel the systems that are in place, plus the ability to manage sacrifices has paid off.I've had the same team in most of businesses for almost 8 years, and have a growing RE team that continue to impress me.