He also said on a rental property my rate would be anywhere from the mid 4’s to low 5’s.

@Yinglu Wang I am also from NYC and chose to invest in the Mid-West mainly for cash flow.

Financially, I have set aside 20k in reserves for this first property, credit in the mid 700's, and have a basic understanding of analyzing a deal using the BP calculators (Using it at least once a day). 

The total cost of construction was $263,822 and the build was completed in mid-October 2019.This house was a tough sell: listing this late in the year was not ideal and we quickly realized we were priced too high.

Do not let its proximity to DC, which is one of the lowest risk markets in the entire country fool you.75 year declining population, housing stock in disrepair, stagnant incomes (which measured against inflation are then actually declining), crime, poverty, real estate taxes that are not only the highest in the state, but in the entire mid atlantic by almost double, sub par tenant base.People are drawn to Baltimore because they see what looks like large cash flows on paper. 

Starting in June, bookings for my place are going nuts, with reservations going into mid October. 

My credit is in the mid 700s and I have $50K+ in the bank, my BIG QUESTION here is where do I source additional funds to scale my operation and grow?

I have a very good relationship with a large national bank, however, it is one of the more conservative mortgage lenders and only offers up to 60% LTV with a rate today that would be in the mid to high 3% range. 

…Here we are in mid-May and they told me they just got their jobs back.

I do fix and flips and wholesale deals in Denver, but I focus on the Mid-West for our rentals.