I'd still suggest a LMO be involved.I suppose to you could have step by step instructions and sample notes in a booklet, that you might give someone to read through, that's as close to getting involved as you should get.

This is very common and everyone involved should understand.If it appraises for less than $180K, the loan and down payment will be based on the lower amount.

., easy walking distance with a cooler and beach stuff) are all quite expensive. 

Marco SantarelliHey Marco, I am required to spin my wheels a bit as I cannot leave this area for the next 3-6 months and I do not want my first investment property to be long distance.

I'm sure if I didn't want to be as involved, they'd be happier with that.

Thanks for jumping in and please don't be shy about getting involved in the discussion here on BP.

If the guy out of the company is needed as the construction guy or any needed element for the business, contract the service prior to the loan so that his abilities are considered in the deal without involving him with the lender

Distance from the lender's center of operations changes the risk - to that lender.

That'll get you going well on your way.Otherwise, please consider uploading a profile pic so we can better connect with you as you get more involved here.See you around!

If you go to a house that you found by driving by or someone answering an ad in a newspaper - someone you don't really know and when there are no others involved in the relationship (Realtors, on-MLS, etc.), do you ever worry when you're walking around inspecting the place?