Pennsylvania is generally easier for landlords compared to New York, especially in cities like Philadelphia or Pittsburgh.

Hey Liad - Condos can pose some challenges mostly due to monthly association fees, limited control over the property, and potential for slower appreciation compared to single-family homes.

I am based in NJ, but am targeting the South Bend, IN area for my first rental (primarily interested in long term rentals using the BRRR and buy-hold strategies).I am new to investing so I would love to connect with other investors, agents, lenders, property managers in the South Bend area or anyone who focuses on out-of-state investing as well! 

Generally for an investment property under conventional cash out refinance, the max LTV will be 70-75% - so you can calculate by (700k x LTV).As @Nicholas L. mentioned, it's a good idea to compare conventional and DSCR cash out refinance options.

My attorney wrote: it is my understanding that the lender was going to require seller to secure their interest with a second position mortgage.

Look at rental rates for comparable properties in the area to get an idea of what you can charge.Overall, owning a ski rental property can be a great investment opportunity, but it's important to do your due diligence and carefully consider all the factors before making a purchase.

There are many lenders these days that won't even allow for subordinated debt, meaning no 2nd/seller carry/etc. 

Reach out to a variety of lenders, as banks, credit unions, private lenders, etc., all have varying terms.

Now my house has many comparable comps in the area but they dont know what there doing (bad pictures, low occupancy) I undercut all of them in the slow season and was 88% booked when the average in my small area was 14% i was charging $100 a night while my comp was charging $140 a night but not getting booked. 

i have a great contact for bridge financing too if you need a lender to help with projects like this. excited for you guys!