Do you have props, cash crews? 

At best I’ll be able to find solid properties that will be self sustainable and cash flow in the positive side of things.

First 10 years is interest only, then after that you start paying principal/interest, but you can pay off the credit sooner and then as you pay it off you can invest in more deals once you get your other properties cash flowing to cover the debt service.

There is also some states with specific laws, such as in California you must offer at least one other method of payment that is neither cash or online payment.

The plan is to come in and improve the NOI over the next 12-24 months then implement a strategic cash out refinance and move to long term permanent agency debt.

I want to purchase out of state for a number of reasons (Landlord/tenant laws, tax purposes, purchase price, cash flow, etc...) 

The electrical?

Are you closing with cash? 

Hi,For one of my rental in San Diego,CA which i listed for rent around $5K per month I am getting clients who want to pay all cash for a year.

With a 700 credit, and solid property income, you should be pretty solid to pull cash out of that property.