They have attorneys nationwide.

I have a select maling list of mhp investors, some are nationwide but mostly looking in the Texas market.

@Naveen Kumar  Hi Naveen,  the lenders that I work with for these programs are only in certain states, not necessarily nationwide.  

The interest payment due each month, is Calculated Each Month based on the current outstanding balance (5%/12*current balance).  

@Gary Erdoglyan Yes, I use many of the same marketing strategies that investors nationwide use.

Our primary rejection points are that they are required to prove that they earn at least 3x the rent, have a credit score of at least 600, no evictions on record, and no outstanding debt to previous landlords. 

I think the key to that is buying or building an outstanding brand.  

My Name is Lou and i am new to REI...I joined BP to connect with other investors and further my education in REI...I am currently educating myself with all the free information I can find online due to the lack of funds to invest in a mentoring program..But I told myself that the lack of money will not be an excuse for me to become successful in REI & a successful Entrepreneur......I am looking forward to doing my first deal and investing a percentage of that into educating myself further in REI....I am looking forward to meeting and connecting with other Investors here in Hawaii & nationwide....

Mostly you're looking for, why they're selling, does the property belong to them, do they "NEED" to sell, how quickly do they need to sell, any liens on the property (finance questions relating to outstanding loans etc - remember most of this is publicly available anyway, and you may drop that in at some point in your conversation to avoid wasting time).

Delinquent real estate taxes (taxes past due by more than 60 days) can also be included in the new loan amount, but if they are, an escrow account must be established, subject to applicable law or regulation;paying off any outstanding subordinate mortgage liens of any age;taking equity out of the subject property that may be used for any purpose;financing a short-term refinance mortgage loan that combines a first mortgage and a non-purchase-money subordinate mortgage into a new first mortgage or a refinance of the short-term refinance loan within six months.The article author may have been referring to the Delayed Financing Exception:Delayed Financing ExceptionBorrowers who purchased the subject property within the past six months (measured from the date on which the property was purchased to the disbursement date of the new mortgage loan) are eligible for a cash-out refinance if all of the following requirements are met. […]The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV/CLTV/HCLTV ratios for the cash-out transaction based on the current appraised value).