Personal Guarantee: Will you require this?

Our short-term residential investment property loans are typically 60-80% LTV and all are personally guaranteed by the borrower(s) -- we pull credit, background and PFS on each guarantor, verify experience, verify liquidity, underwrite the property, neighborhood and zip code.

Here’s a breakdown of the main ways investors fund their first deal while minimizing their own cash outlay:1.Private Money & Hard Money Loans– These lenders focus more on the deal than on your personal finances.

This is basically a math problem that will depend on both you personal finances & also how much of this is an investment vs you want a nice house to live in4.

Quote from @Daniel Windingstad: Quote from @Obed Calixte: Some people have the personality, processes and systems & time to self manage, some do not.

So it's just personal preference and budget for a host.

Id have a lawyer on hand, this person seems like they will escalate issues once you notify them you aren't renewing their lease.  

What I was getting at is that even investing "out of state", let alone out of the country, is more difficult when you don't have any personal connections and even more difficult with your first property.

I am personally buying a lot in Casa Grande, Arizona.

@Sonya Sharova I haven't personally done Frank Rolfes boot camp but I have heard it's great.