It's in a very rural area.

property is currently in a reverse mortgage need $308k to satisfy. currently 3 units and wanting to remodel to create a 4th.Rural low economy market with high demand and very few rentals available in area.

Know this - kickbacks and other forms of paying for referrals is illegal for lenders, but many realtors and lenders skirt this in gray areas like a lender sharing marketing costs with realtors and in other ways.

There's a few different markets here that would be optimal for that strategy depending on price point and the specific areas that they're looking in

What questions or areas of the lender:client relationship should a REI investigate when shopping for lenders to uncover the value that lender offers as compared to others? 

Off market properties are a dime a dozen however, so doing your due diligence is key.

FHA has caught on to this trend & updated the guidelines to prevent people from abusing FHA financing.Here are the guidelines directly from the FHA Handbook:Policy Exceptions Eligibility RequirementsRelocation: A Borrower may be eligible to obtain another FHA insured Mortgage without being required to sell an existing Property covered by an FHA-insured Mortgage if the Borrower is: • relocating or has relocated for an employment related reason; and • establishing or has established a new Principal Residence in an area more than 100 miles from the Borrower’s current Principal Residence.

@Hayden ThomasAs mentioned there are a lot of factors that come into play in this which will not be able to be answered on BiggerPockets - best to get your attorney to review and advise

Would love to get opinions from experienced investors in Baltimore area, how do you deal with occupants?

I'm in the south Dallas area and had a BRP for my BRRRR.