We lag the market's highs and lows, just plodding along with consistent returns.)I have agree with the author that Toledo real estate is priced very competitively nationally and our rental returns exceed the 1% rule frequently.

But how are you finding a lot if the town has low inventory?

I had a friend who just purchased a 2nd home in Florida with RBC and got a great interest rate and they use your Canadian credit but it's a US mortgage. 

Financing Insights: We wanted to utilize leverage on a larger asset, so we used low down payment owner occupied financing.

For example, if you find a PM that uses a 600+ credit score minimum for the portfolio they manage and you want 700+ then you are allowing the PM to follow less strict guidelines and opening you home to greater risk.For the marketing side of things, I'd recommend using Zillow, Apartments.com, Redfin, and Facebook for potential word of mouth in your sphere.

This method has worked for thousands of years and is still the best option today.A job in Property Management has a low bar of entry.

There is a buyout in the event you expect to turn it quickly.Example: 100k purchase, 50k rehab budget. 10+ experience; 680+ credit score.90k purchase funded; 50k rehab funded.Let's assume 4 draws.Draw 1 - $10,000 (Paid at closing - that means 90k credit at close PLUS 10k credit at close from rehab budget).Draw 2 - $17,500 (Paid when draw 1 is complete).Draw 3 - $17,500 (Paid when draw 2 is complete).Draw 4 - $5,000 (last draw is reimbursed when last draw is complete).Connect with me via email and I can give you some references.

I don't think it is worth it to love away from your family for a year just to get a deal with a low down payment.

If you are looking for a low-interest rate or new construction and you cannot find it in your backyard, then I suggest taking a look at markets outside of your state. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?