The investors in the secondary market have a very good grip on the prepayment risk associated with a drop in mortgage rates and use pricing or yield to offset this, which is why you so often hear of borrowers paying points and lender fees.

Some states require 2-3 years’ experience as a loan officer first along with you need to open or rent an office space (brick and mortar).

Obviously, you pass this cost on to your borrower.My experience with Lightning Docs is that they will answer simple questions at no charge. 

Which neighborhood is this in? 

Feel free to reach out if you need any more advice.

What are the best resources / tools to get connected/educated on this type of asset?

Bank with a 25% downpayment?  

I am happy to provide insight as I work extensively with foreign national investors in the US.

Purchase price: $8,500,000 Cash invested: $3,450,000 This property was acquired from a motivated seller at a 20%+ discount to market value.

With the sale of the rental my income was over 150k.