I am currently targeting small multifamily homes ( duplex, triplex ) , so I can live one unit and rent the other one out ( house hacking 101)and I have already been preapproved with a VA loan.

David,There are a few sites you can use for free that allow you to see your target area’s vacancy and overall general interest by potential STR tenants.

Even powers of sale/foreclosures just don't go that cheap up here.But having said that, it doesn't mean you can't still market to potential sellers...it just won't be as laser-targeted as the list companies can offer in the US.

Deal Details:-Purchased for $375k in Peachtree Corners, Georgia-Renovation for $20k-Target ARV: $530k-Target Rent: $3500-Estimated PITI (assuming interest rate of 7.125%): $3286-Cash flow: $214 (basically all going to reserves)

So Jims' point to out of state investors is right on target 100k and under or 125k and under you not going to get most agents to do back flips for you and if you think buying 2 or 3 of those in the course of a year or two thats nice but its not any big time buying.I am funding another OOS investor right now on my BRRR model and we are closing 5 at a time and I funded 21 homes for him in the last 90 days.

I am looking to invest in Bozeman and specifically target the str market there.

I am targeting assumable loans for my buyers.

I've gotten pretty good at targeting the ones that don't get redeemed.

I have a set of questions that will help me target what features to focus on in the initial iteration of the product and I'd love your answers.

This type of financing is traditionally for 1-4 unit properties, but a couple of the Big-5 were/are underwriting 5-6 unit properties with residential lending (this is their attempt to target an area where commercial lenders will not lend).One challenge you will encounter with smaller commercial properties (5/6 to 10/12) units is the deal size may be considered too small by many {commercial} lenders who are not usually interested in underwriting financing less than $1-2M.An option would be to approach a credit union as they frequently underwrite any rental property with commercial lending and will look at smaller deals.When you do finance a property commercially, while the debt will not be registered against your personal credit, the lender will want to confirm your financial house is in order and you are not personally leveraged too much.