Quote from @Nadiyah M.: I live in NJ and primarily invest out of state.

Hi, I recently purchased a 3 bedroom 1 bath on the north east side of Grand Rapids, MI.

To be eligible for 80% cash out, the property must be located in one of the following states:       AL, AZ, CA, CO, GA, MI, MN, MO, NC, PA, TN, TX, UT, VA, WAWith respect to seasoning, as long we can verify that the property was improved by the borrower after they purchased it, there is NO seasoning requirement for the 80% program. 

You need to discuss state laws with your PMC.In Michigan, this would be a non-issue.

Our property was in Michigan and had sub-freezing and occasionally sub-zero temperatures, so 60 degrees is a nice spring day.FWIW, wind chill is how cold it feels to a human.  

Hi,I have a dear friend who will be relocating to the Lakeshores area of Michigan.

I am open to Ohio, Florida, South Carolina, Texas, Arizona and Michigan.

Real Estate Broker for a very long time and have been investing out of state for the last 10 years, I also self manage my rental units in Lansing MI. 

We own a real estate brokerage in Birmingham MI and help investors get into cash flow rental properties like we do.

Louis, MI area for now.