Be sure to shop a few lenders to see who can provide the best rate and terms.

This implies residential units can be built at lower costs and provide better return. 

I just had to share this as it's been a complete game changer for the performance of our company.

I would also recommend that they have sufficient 'skin in the game' IE additional down payment above and beyond just having lived there a while. 

We’re talking about someone who makes their money INVESTING in real estate and real estate related assets.So, after 45 years in the real estate “game”, here is what I believe is necessary1.

I would provide checkout instruction and checklist, offer a pre-move out inspection, and expect them out on the day that they indicated.  

Does Lender need a lending license to provide a private loan for a residential property in Texas, considering both the lender  and the borrower are California residents?

I mean what value does he provide?

Rental properties can indeed provide a steady income stream, and it's fantastic that you're exploring this avenue.Here are a few considerations and steps you might want to take as you move forward:Market research: Keep looking at possible multifamily buildings in the Augusta, Georgia region.

Regards,Abhi.Abhi, There's no way for an investor to have an opinion on that without doing alot of due diligence (and way beyond the basic info you provided).