2) From start to finish on a long-distance sale, can I just have them FedEx the docs and sign them with a notary, or is there a better way to handle things?

2) From start to finish on a long-distance sale, can I just have them FedEx the docs and sign them with a notary, or is there a better way to handle things?

I had used this lender once when at the time i lived 40 miles away from where i worked and i really wanted to cut down the commute.

You'll learn so much more while you're house hacking vs being a long distant landlord.The owner occupant loans for house hacking (3-5% down) will probably be similar to a downpayment to a long distance rental (20%05% down on a 350k house hack in Denver is 17,50020% down on a 100k property in Pueblo is $20,000.Of course you'll have closing costs on both, but that'll be a few thousand bucks and similar for both.

I came across BP when searching for new REI podcasts to listen to during my commute to/from Orange County.

I was a bit concerned at first given the distance but it is actually quite easy.

I am well qualified for the loan, but the lender wants 10% because of the distance.

When I say southern I mean within a regular commuting distance of Cincinnati, Dayton, or Columbus.

The area I am looking at is the Southwest corner of spring branch which puts me at  a 20-25 minute drive commute downtown and within 10 minutes to areas young professionals venture to.

By refinancing into conventional, you no longer have the original FHA loan so you don't need to worry about distance/relocation guidelines.