But I would encourage you to go talk to a few local lenders, and see what products they have for your particular strategy.

Once you know an area and your product well and you have some people you trust, you are in a better position to invest from abroad.I have business partners back home for my rentals that watch over things while I'm gone and this works out well.

I realize this is an oldish thread, but also wanted to mention for someone starting out that you can get design firms to do a consult and provide you a pretty comprehensive report with product numbers from nationwide home improvement stores, matching your finishes.The report runs between $175-$250 and can be used as a template for other properties as well.

When I factored in vacancy, repairs & legal expenses, my old single family rentals were lucky to product 5 to 8 percent annually and that was with us handling the management & rentals.

Try to focus mainly on income productive things and hire everything else out.  

There is a national company that has a product called a "Life Changer Loan", and you can get that product on any property you own.

Unfortunately and almost expectedly his company's work quality and level of finished product is not as high as my other two GCs.

My primary question is do any of you know of a loan product or if I can get an FHA loan when I already have 2 mortgages.  

The platform provides clarity on receivables and broker production and to help streamline their back office commission processes.

Gather a list of the products you want, email it to me, and I'll run it through our pro discount program.