You may be able to find a local bank that would hold the note if you bought it outright, but anything under $50k and most times under $75k is hard to borrow against...it's just too low for a bank to make any money without triggering usury or State/Federal fee limits like they mentioned.

(Not actively purchasing as my money is tied up in the market right now)...so with the 2 lenders i've gotten here:STR DSCR Rural (not a log cabin or other non-conforming structure) just remote sfrHybrid loan 15% down, interest only investment loan with seller paid points to get to ~8% and reduce closing costs DSCR would use long term rental rates to establish monthly DSCR and then offset monthly with average DTI and 800+ credit and high cash reserves as long as DSCR is .75+additional appraisal to establish STR rate estimates to be used alongside the standard long term rental rates5 year prepayment penalty with reasonable terms

I have a duplex in Central HIlltop and am currently buying 2 more and actively looking for more deals in Hilltop.

go to local REIA events and just network, see what people are doing and find ways to learn.

Don't look for an excuse out, just be active in real estate and see where it goes.

I live in columbus and miami about half the year both. economic activity in miami is like 20x what columbus is. net migrations by number of people are waaaaaayyyy more in miami. columbus has 10 out of the 14 growing counties in ohio. it's not just one county or city, it's the entire MSA. cool chart but definitely would never put Detroit in the same category as either.

This involves research, networking and gathering local knowledge.

.#2  Attend local meetups. 

I am actively investing throughout Atlanta, Georgia, and its metro cities, down to Macon, Georgia.

In that example used the person provided maid services, swimming and fishing instruction, mail delivery, information about local churches and other things.