I suspect this is the biggest of a slightly long list of issues with this investment.- is this your first section 8?  

They don't have a monetary incentive to sell you on anything.

The biggest advantage of using someone local to where you're buying is that they will understand taxes, insurance, and similar items very well when it comes to DTI/DSCR calculations and payment quotes, and they will likely have a local network of service providers for ancillary services (survey, inspections, etc).

I think one of the biggest risks you face with Cash Out is interest rate risk.It's really difficult to predict where interest rates will be in a 2-5 year time period, so it can also be challenging to model out future mortgage rates.

To me the biggest issue with out of state investing and long term rentals is that you have to deal with property damages and/or evictions. 

They make money on every step of the process, and there's a lot of incentive for them to exaggerate what your returns will be.

This is literally the biggest obstacle for any data center development today.

The loan programs of your buyers will dictate how much of a credit you are allowed to apply to their closing but it certainly helps to move inventory when you offer an incentive. 

I feel we often want the biggest best thing and that may not turn out the way we hope!

Though USLI, one of the biggest umbrella policy providers, dropped my max coverage to $1M because I had pools.