I'd definitely suggest giving it consideration.

Quick closeHigh LTCLow pointsLow interest rateHigh ARVThere are a number of factors to take into consideration.

In my opinion here are the top considerations when choosing a new OOS market. 1.

Make sure to calculate out how long it will take to hit your break-even when you take into consideration the fees associated with the loan.

Here are some important considerations with regards to lending money from your retirement account:1.

@Kiera Underwood Do conventional lenders take into consideration the intent to rent in the future?

One could easily argue the last example is the most important decision one ought to consider and even if an "accident" popped out, what about subsequent "accidents".If a tenant is not willing or smart enough to consider these sorts of things, most landlords take a pass, because most landlords want tenants to be considerate of property during their stay, and if they can't even take care of themselves, why on Earth would they believe they are going to take care of someone else's property?

If the entire portfolio isn't a dud, there's likely to be some you'll need to exclude from the deal or unload in case you have to take them all.Viewing it as a collection of units wouldn't provide you with a very good picture as the revenue possibilities and expenses of each property are going vary considerably, leaving under-performing properties to hide within the portfolio, draining cash flow from the others.

Will a bank take that into consideration?

@Chris Hernandez they should take the potential income of the rental into consideration when weighing to qualify you for multi or not.