If I were in your shoes (which I was recently, and will be again when I move to the next property), I would call up 10 different lenders including small banks, credit unions, etc. and tell them your situation, what you are trying to do, and how they might be able to provide a product to support you. 

I don't know about you but I am constantly on the hunt for consistency, consistency of income, of deals, of productivity, in my relationships...so that's my focus in all things not just real estate.So my vision to your question is a a state of total consistency of income and deals.I'm focused on the basics, which to drive me is even more specifically "making offers."  

Also, does the initial draw have to be the full amount like a HELOAN even though the product might say HELOC?

A smart lock and smart thermostat are also essential for managing remotely.

I'm a mortgage broker and can offer just about any product QM and non QM with competitive pricing. let's close some deals!

There is a 30 year conventional loan product that only requires 5% down, which is great to use with this strategy.Are you focusing on investing in Bangor specifically?

We've been using Waivo, which is a very similar product to FF's Worry Free Waiver.

Hey @Joy Daniels, I read everything I can all the time.I read a few blogs that go over products and some design.

Essentially you're making a much higher income in one city in the US but you're using your capital to invest in a much lower priced city so you get the best of both worlds.

We've essentially ruled out investing in our local community because we can't seem to find a good deal (we live about 1.5 hours north of NYC, so purchase prices are very high), so we are considering (1) investing out of state; or (2) investing in some northern NY localities (Syracuse, Albany, Rochester, etc.).