I will try to find a mentor or maybe a group who will guide me along, I have a list source pulled, but it's currently sitting not doing anything.

In addition, the source of these numbers is just as important as the numbers themselves, if not more so.

If you have baseboard against an outside wall that is far from the heat source, it may freeze.

Thank YouHi Justin, commercial lenders will be looking for the following but subject to lender and product-specific: (There are niche lenders)Investor Only - loans to Individual, LLC, Corp and Limited partnershipAppraisal of propertyUS or perm resident (some will lend to foreign nationals at 65% LTV and higher rates)3 mos PITIA and closing costs (some will use loan proceeds for this if within LTV thresholds) 3 mo bank statement for proof30-day ownership seasoning on refinancing (some 30 days to 90 days)No tax returns, DTI calculations or income qualification (most)LTVs up to 80% (some sweet spot is 75% for cash out)DSCR 1.0 -<1.3 (some will look at this but some won't sweet spot is 1.2)Credit 650+ (credit will impact rate and LTV)Min Property Value $75K (Higher min in certain areas)Lease or unleased (must be rent ready .. rate may vary)Min Loan Amount (lender specific rates will vary on amount)5/1 ARM, 7/1 ARM, and 30-yr fixed-rate structuresNo sourcing or seasoning of funds (some will ask for 30-60 days seasoning)Must own primary home (lender specific some do some don't) 

That said, I feel like the source of these numbers is just as important as the numbers themselves, if not more so. 

In all cases, the properties have to be stabilized (no current construction and leased).Rates and fees are higher than Fannie or Freddie (that's why it's always better to exhaust your conventional sources first), but if you don't qualify, and from what I read, you won't, these are the next best thing. 

The rule is if you purchase the property in cash with your own "source-able" cash then you can get up to 75% of appraised value UP TO what you initially purchased it for.

They both syndicate to Redfin but I've found at times there is a significant lag with Redfin compared to the two MLS's, perhaps due to inter-system latency issues or having to pull data from two separate sources.

I am looking to purchase a multi-family property in Ohio or Michigan but wanting to know what is the best source for lending out of state?

Gives them an incentive to get out & about. thanks Kathleen I hadn't thought of schools as a source.