You basically have two choices right now, you can put more money down or have a higher monthly payment.  

In no particular order I have listed some of the most popular markets for out of state investorsCleveland, OhioCincinnati, OhioDayton, OhioToledo, OhioYoungstown, OhioCincinnati, OhioMemphis, TennesseeBirmingham, AlabamaKansas City, MissouriSaint Louis, MissouriIndianapolis, IndianaDetroit, MichiganErie, PennsylvaniaLouisville, KentuckyMilwaukee, WisconsinJackson, MississippiEach of these markets is popular with turnkey investors because of the low barrier to entry, high rental demand & high rent to price ratio.

If you do find a rookie agent that's going to make blind low ball offers for you off the bat it probably is not going to be a good use of their time and they will unlikely have the expertise to critique your investment choice. 

That mean on average about 12 people are moving to Bend every day making it one of the most popular cities to move to in the US.After reading Long-Distance Real Estate Investing by "David Greene," I have realized that investing in Bend-Redmond might be a great move.The unaffordability in most places of California is pushing more people to expand up to Oregon and East to places like Las Vegas which has also seen a significant increase in population growth. 

My question is which loan would be the smarter choice?

We are in the market for a vacation rental in Western NC.  Got a very good recommendation for a realtor there.  Started working with him last fall.  After some initial activity and one round of viewings, we've not hea...

@Nick Pandya you won't find a lot of choices for size and they are not cheap.

I just saw a new we do ADU office open on a popular blvd... with huge signage.

That said, it is helpful to consider market cycles and at present we are a long way into a growth cycle.From an investment success perspective here's what you can do to protect yourself in the event there is a downturnFocus on the right asset – we like the multifamily asset class because multifamily real estate is popular during times of uncertainty because during these times, people prefer renting and because it is valued intrinsically it is less prone to large swings in sentiment which can impact the value of single-family homes.Diversify your Portfolio – real estate has low correlation to stocks and bonds and this makes it a hedge against the stock market.

@Budhadipta Dan What you mention about the taxes and basis sounds mostly correct, but you should consult your CPA.In terms of financing, hard money (bridge loans), refis and HELOCs seem to be the most popular.