so its easy to say nationwide but very few are truly nationwide .. in some states the lending volume would be so low it makes no sense for the company to bother working there and going through the license requirements. 

@Eric Jones I do not represent Erie, but Erie is a legitimate option and they have been a player in the REI space for some time now.Ideally you want a business (commercial) policy for any rental property that is not your primary residence. 

@Michael Bryant it depends on the part of the economic cycle we are in.Prior to the housing crash in 2008-2010, national lenders were popping up everywhere and were aggressive with their lending programs, offering products and rates local banks couldn't/wouldn't.These players disappeared after the crash, so small local banks became the only option.Since about 2014 or so, they've started popping up again.With the ongoing softening of the economy, many of these national players are bound to disappear again, leaving smalll local banks as the only option again.Since you're interest in Detroit, keep reading below:We think the Midwest is a GREAT place for OOS investors to consider!

Architects/engineers charge a pretty penny for drawings and some won't even bother looking at minor additions/remodels because they're not worth their time.

Major players in the real estate investing space will argue that you shouldn’t own a primary home, others will argue that you shouldn’t take on any debt, and many more will encourage you to accumulate as much real estate as possible.

This bothers me and I think the smell is lingering a lot, because there’s 20yrs of smoke filled carpeting still in their unit.

A few listings have some price reductions really so small why even bother.

Many landlords don't bother to sue simply because they don't know how to enforce a judgement and because there is no certainty of collecting.

Summary: Don't bother trying.

A lot of the players go in and out but overall turnkey ideal is solid for beginners.