Out-of-state DSCR investing - any lender concerns about absentee landlords?

No issue at all - most of our DSCR borrowers buy out of state. We don't have an owner-occupancy requirement (it's investment-only) and there's no extra documentation for distance. A property management agreement helps, but it's not required for qualifying.

I'm in NY and own in AL, OH, and TX. Never had a single lender question it. The PM company handles tenant stuff and the lender only cares about the rent vs PITIA math.

One thing - make sure your insurance binder lists the correct mailing address (yours, not the property). I had a closing delayed a week because my agent put the property address as the insured's address.