The only one who would allow for out of state financing was Wells Fargo, but some of their terms and loan options weren't too favorable.     

This is why I would advocate for some better cash-flowing markets like Worcester, MA (2nd largest city in New England), or Providence, RI (3rd largest), where the ratio of Rent to Fair Market Value is more favorable. 

Over priced (thus no short term cash flow)Social decay (IMO - thus poor future prospects)Adversarial government (laws are all in tenants favor.

With that said, I think the single family home route might be the most readily available option at a more favorable price since this would be my first property.

With favorable market rates.

It’s very contradicting and really favors the tenant.

Renting it out is a possibility, but the cashflow picture does not look favorable.

I may just have to chalk this up to a lesson learned, or decide to get a new banker on my team. Tell me what you think.So, I went to finance a house and my banker(who I've done 2 other mortgages with) asked me if I wa...

However, I ended up saving money over the current FHA rate at the time when it came down to it and I had more favorable financing terms for the seller.

For some reason the purchase price to rent ratio has always been pretty lopsided in favor of the renters here.