My main Partner is Chase because gives the biggest limits great when it comes to building a relationship and getting BLOCs and other things also would recommend local credit unions biggest thing you always need to figure is the banks Cap of what they are willing to lend until they need everything Chase for example is 150k Citizen Bank if in area a great one for Blocs only require bank statements to calculate how much you can qualify for.

Hi Meghan,Curious why you would choose DFW instead of Memphis to get started on your portfolio, especially if you are local.  

Unique neighborhood and product within local market.

I'm a local realtor and investor, so I’d love to help you find the right property and navigate the market.

Talk to local investors, study rent comps, and understand how leasing cycles work in your chosen market.

Quote from @Samuel Coronado: Quote from @Jordan Moorhead: You can use local banks and there are national lenders.

., when looking at small towns, focus on markets with strong rental demand—whether from visitors, local workers, or a growing economy.

I’m local to you in CT!

My thought is to help him out by going in 50-50 partnership for many reasons: half down payment, half capex expense, strong co-signer on loan, me being local to investment property to take care of little things that need attentions (he will be out of state for his job/I will have PM), etc.  1. 

Since hard money eats into profits, consider private lenders, local banks, or partnerships for lower-cost funding.