I use MyRental.com for tenant screening with option for them to pay.

In my experience offering GAP loans, I typically charged between 12-15% interest and 3 points due to the loan size.

Does the out-of-state investor have an option to have a professional inspection done? 

Want to make sure I am taking the right steps in assessing this situation.It's a 2br so roommate is definitely an option.

I wouldn’t necessarily want to only put 5 percent down but maybe somewhere between 5 and 20 percent. im just wondering if I have the option of not having to put 25 percent down like a commercial or investment loan. 

I'm currently a buy and hold investor (utilizing various househacks), but I'm hoping to get into the STR space end of this year/early next year.In terms of your financing options, here are some things that come to mind (albeit may or may not apply to your situation):- Utilize second-home loan option (10% downpayment) if the property qualifies- Utilize a small local bank to see what loan options they may offer (perhaps some may have experience lending on STR?

After 2017 the market had dried up and we had to go into more extensive projects, typically big basement issues or mold or both.

I never said this was typical.

I prefer to stay in mostly owner occupied areas because it yields a higher quality resident that's more consistent over time and the homes typically appreciate at a faster pace. 

There are a ton of sub $75k options out there.