At 3 to 4 million you should be able to get away from local to regional banks and get better loan terms fixed for ten years with 25 year amort.

I was speaking with them about the rental guarantee and it is by a third party insurance company which I found unique but interesting being that I would be an absentee investor sounds like a good marketing tool for the investor that is just getting into turnkey. 

Based off of this thread you seem pretty well versed in the Albany region...i'm curious to know what areas in Albany you think could be good for a green investor such as my self ( I currently have about 20k saved up and my immediate goal is to purchase a single family or small multi family house that cost no more than 50k with the intention of renting it out to students). 

@David Tipton  there are a few here on BP I think.I have a unique view on this... as I was brought up in the business by my dad and his RE attorney in Oakland CA. 

I have been doing business in Il last few years.. and its a very unique situation there.. were your forced to deal with an attorney.

You are looking at something a little unique (in the size of units), and if that is the market you want to work then there may not be many of those deals out there, both for you to buy and/or for a tenant to rent, so it could be a nice little niche.

I'm still very new here, and every experienced member/investor has a unique way of approaching their investments but I have found one thing they all have in common.

Good Morning, I have been investing in real estate for 11 years in the capital region, looking to connect with others to help each other.  

I'm attempting to broaden my perspective and to qualify more comments which apply to a regional / state.

There are so many unique neighborhoods, so you can really think about the type of renter you want to attract, your investment strategy (do you want to renovate a bit and build equity or a ready to go turnkey, invest in an up and coming neighborhood with appreciation potential or a neighborhood that's been solid for decades), and the lifestyle you want to live - it's a house hack after all.