These types of loans I have seen done, and I've personally done a few in my chosen market.I hope this information helps!

I own several in Indy and have opportunities to buy in those areas daily and have chosen not to add that area at this time to my portfolio.

I think, if I could have chosen who to allow to chat with me, it would have been good.  

I am not sure if it is proper to revive this thread or start another but since I wanted to explore your comments (most of which I agree with though I do not agree with your conclusion) I have chosen the former path.

@Patrick Wheeler - we have chosen to go with someone local to our business.  

We completed a $35,000 full remodel for only $22,000.The remodeling has a high standard and material and design was chosen specifically to modernize the home.

If it is backed by Fannie Mae"Good news for investors from Fannie MaeIf you’re among the large number of real estate investors who’ve chosen to roll the dice, your finger-crossing days may be over.

Columbus has witnessed remarkable growth over the past few years, partially driven by the presence of major tech giants like Intel (with a $20 billion investment), Meta, Amazon, and Google, which have chosen to construct warehouses and data centers in the area.

The house I have chosen is located on land leased for 30 years and will be completed in 6 months (already standing walls and work is going on intensively).

Research and Due Diligence: Study the Columbus market, focusing on neighborhoods with potential for growth and rental demand.Financial Preparedness: Get pre-approved for financing and set a budget that includes not just the purchase price, but also closing costs and potential renovations.Local Regulations: Familiarize yourself with zoning laws, property taxes, and any specific regulations that may affect your investment.Rental Market Analysis: Understand the demand for rentals in your chosen area.