The location of the lender doesn't necessarily impact your chances of getting a mortgage or the efficiency of the process however, local lenders have a better understanding of the local real estate market and regulations as they are more familiar with appraisers and other closing professionals in the area which can expedite the process and you will get a more personal touch and easier communication.

Hi Olu, I haven't used it personally, but it looks like potentially a good option.

@Andy Ciordia.....its just as easy as "Hey do you offer any discounts since I have multiple properties that need work"As a person who does work in the Home Services Industry, it costs the vendor the same amount of time (most likely money too) do the work whether its 1 or 2 properties.

Your closing costs look reasonable to me based on my personal experience (I'm not an expert though). 

House hacking will also give you some personal "property management" experience.

Under such living conditions, even in somewhat expensive areas it is less than $500/person. 

I sent you a personal message, @Blake King.

From our experience (PA) and that of our colleagues around the country- the general consensus for a modular to be considered "real estate" and not personal property it must :-Be a double wide home minimum-Be permanently affixed to a foundation.

Investors may develop their own personal portfolio of institutional properties across the country.

I haven't taken the jump into personal rental property investing yet however I am licensed realtor in NJ.