The Feds still recognize my rental as a Zone X so the policy will be less expensive this year (prior to the Feds reflecting the change).  

There plenty of other opportunities elsewhere, my clients are involved in institutional grade properties across the country.

*none of this post is intended to be legal or professional advice and does not create an attorney-client or cpa-client relationship.

Process with my clients goes: 1.

I advise clients to open in the state where the rental is.

My Canadian clients invest in our projects and don't have to worry about lending, property management, banking and structuring you will face when you buy a property on your own. 

Most banks won't recognize rent revenue (thus affecting your DTI) until a property is seasoned.

A "conventional" loan is one governed by Fannie Mae and Freddie Mac (if you recognize those names). 

For their first purchase my clients wanted a safe "turnkey deal" the next project they are looking at will be a value add where can input the BRRR method and be on a path to building a large portfolio of rental properties. 

Daily pictures and written descriptions of work is what I do for my clients.