Gabriel Rodriguez I invest out-of-state and it’s pretty much like being an absentee owner, just with...more risk :) You don’t intuitively know the right vs. wrong side of the tracks, you can drive by a property on the weekend, you’ll be taking a property managers work (even with documentation) that expenses are necessary, and you’ll pay for a couple of flights a year just to see the places you own.

Thanks everyone, Its our local credit union, we have a decent relationship because we used them on our last project.

This caused me a rise in interest rates and the second hit to my credit since it had to be pulled twice over the period of closing. 

You are definitely on the right track! 

100% financing is tough...even for private lenders, unless there are compensating factors (great track record, proven successes, strong reserves, great credit score...maybe even good job/w2 income (usually not a factor for non-bank investment property lenders, but may be for a private individual)). 

Not quite tracking with what the 2% is including in the calculation.

I have been looking into these areas already and your post reassures me that I’m on the right track!

Now we use CallRail numbers to track everything but she had that letter saved for a "rainy day" and it worked. 

I think you are on the right track.

I have some good things on my side...a little experience with landlording, flipping, I'm a licensed Realtor and have a close to excellent credit score.