Those of us in the southern part of the state have different obstacles but they can be overcome.

thanks for taking the time to look at this post. currently i live in a 2 family home i bought in dec of 2015, some quick numbers are296k (owe 270k) FHA loan (terrible paying pmi..but i didn't know better)1st FL im in $0.002nd FL $1.1k (under valued by 200-300 i believe in low enough rent to keep vacancy's low) house hack my other 2 bed rooms $700.00Mortgate= 1,960 owe im putting in about 500 out of pocket because the 2nd FL's heat is tied into my bill (1 big furnace) and yeah thats about it. house is in great shape for the next 5 years at least.. i dropped 50k on the first year finishing the basement, finishing the detached 2 car garage, this that and a bunch of crap.. house is in a nice area and has appreciated to about 365 as a guess based on zwillow. my real goal here is to buy and hold a 10 single family homes priced at 125k and under. my reason behind this is that i can save about 60k every 2 years and put that as a downpayment. i own a small construction company as a side gig so rehab is inexpensive.. well to a logical level. don't really like debt and im almost at the point where ill buy them cash 1 at a time... couldn't handle the stress of all the mortgages and the liabilities.. i don't believe in leverage. honestly its either stocks or real estate... came here from the Mrmoneymustache and madfintist's blog.  

I like the opportunity there, but I worry about some obstacles of being so far away.

I got there and found a 3/1 with a 2 car detached garage.

Such activities may already subject the seller to administrative penalties, civil liability, or criminal punishment, but significant obstacles under current law impede both the successful prosecution of bad actors and the recovery of civil damages on behalf of a victim.

I had hit a bump, well actually a MOUNTAIN of an obstacle in my investing and I thanks to BP it looks like I'm almost to the top of that Mountain and with the recent connections I have made I should be just about ready to start down the other side.

I'm looking to get my first home, a primary residence, but I am looking for solutions to overcome obstacles that I will face as a self employed applicant.

I gave him my detached opinion, it calmed him down, and he realized his actions would have been detrimental.  

This has been an obstacle for me as I'm not sure how long it would take to find a property, but I also want to kick off the cash out refi process, particularly with values being so high and interest rates so low. 

@Laura Engel Congrats on getting over the first major obstacle!