We had to get a signed lease and first months rent and security deposit on our current home before we could get approval from the bank.

@Tanya MaslachYou do not necessarily need to have an Ohio based entity to purchase and operate rentals in Ohio, HOWEVER, many lenders are beginning to require that either an entity based in the same state or a foreign entity is registered in that state in order to obtain a loan approval. 

You really want to have your contract approved by an attorney even though California doesn't use attorneys for transactions.

Not impossible but it would be pretty tough to get an STR property approved unless you are an owner occupant.

You need a proof of funds or a pre-approval to go with any offer so if it's hard money, they will issue a letter.

Once the executor (or whatever its called in virginia) is approved, they start settling the estate.

Your lender needs to approve deed transfer

While traditional banks provide lower interest rates, they come with strict approval processes and long wait times.

This log should include:•The date of activity•The property worked on•Specific activities performedExamples of activities that typically count include approving tenants, setting lease terms, handling repairs, and other hands-on operational tasks directly related to managing the property.

Once approved, how fast does your policy dictate that they have to give you a deposit?