I own a property management company, which is located in downtown Leominster, that manages my rental property and my client's rentals. 

I established a team at location and would like to bounce my numbers off the BP community and would like to know if I am leaving anything out.PURCHASE PRICE: $195,000PURCHASE CLOSING COSTS $3,000ESTIMATED REPAIRS $50,000TOTAL PROJECT COSTS $248,000AFTER REPAIR VALUE $373,968DOWN PAYMENT $19,500LOAN AMOUNT $225,000LOAN POINTS 2%AMORTIZED OVER 1YRLOAN INTEREST RATE 12%NEEDED FOR CLOSING $25,000/ r

The location is actually really beautiful it is just rough to access in bad weather. 

Also, MD taxes will have to be filed in either scenario because that's where the investment properties are located. 

Is it better to talk to lenders in the location where I may want to buy?

Lender - has to be licenced to lend in the state where the property is located in - You will likely get better customer service/lower fees if you go to a small lender in the area where the property is located in.Attorney - Each state/cities' law's are different.

Its in a rural town, good location, pads, streets in place, electric run.

Where are they located in the building?

Amazing location, minimal work, newer build, ect.

Or it could be some feature of the home or the location that's making it the second choice for buyers.