You’re probably cash flow negative on your current property and then have to pay rent in the new city.

Perfect location, in the heart of Falls Church City, 10 minutes away from DC and other major locations in Northern Virginia.

Which city, area in Michigan has more potential for growth?

I am looking to connect with people who are doing out of state investing.

Usually investment properties will want a 20-30% down payment in addition to closing costs, so it's not going to be a good idea in your current state.

@Chris Hutchens I'm an air Force vet finishing my degree at Texas State before moving back to San Antonio!

Be careful, cap rates can change for city to city, market to market, neighborhood to neighborhood.

I purchased 2 duplexes in Morningside, Wayne County, #Detroit, Michigan (zip code 48224) February 2024.I am also an #Out of state investor.Both are currently going through repairs and updates necessary for the city of Detroit to give me the Certificate of Compliance for rental units.

HML are exempt from the rules you state.. those rules are for NMLS registered and licensed lenders doing owner occ or Freddie fannie backed mortgages..

Demand evidence to back up the charges or threaten to file a lawsuit or a complaint with the state.If they don't respond to your satisfaction, file a complaint with the state licensing commission.