When market changes, even the most sophisticated sponsor could collapse.At the end of the day, it's better to become "active investors" where you know every single bit of your investment, your market, your realtor, your contractor, what's the actual repair cost, actual rent, appreciation and so on and so on.

I can be relatively sophisticated in Excel to handle something like this.I'm sure there's a million posts about this but would be happy to hear your POV on vrbo vs airbnb. 

Investors who aren’t experienced, knowledgeable nor sophisticated are taken by suprise that their “promised” return hasn’t materialized.  

If it is in San Diego, it will likely be a sophisticated value add and not passive.So if you house hack a local property at high LTV, recognize it will cost you significantly more than renting a similar unit.  

Generally there is consensus that DSCR Lenders can only offer a 1% prepayment penalty for up to 3 years in MI, but some lenders have recently reportedly been flaunting this rule - I would just tread carefully here in this area, generally not advisable to get potentially tangled up in a flawed legal doc with a non-sophisticated or fly by night lender

Their perception of their skills far outweighs their actual knowledge, leading to costly mistakes.The other path is paralysis: they begin to realize how much they don’t know and become stuck, afraid to make a move.

Hey Sammie, I actually lived in Lawton for 2 months and I don't know if you have been there, so I just want to give you my perception on what the city looks like. 

I have an experienced opinion on the matter, but am seeking outside perception and strategies, if any.Additionally, what are the implications of the NAR Settlement regarding this strategy if any?

I bet it would be clean and sophisticated, no ?

Lawton definitely has its reputation, and you're right about the single-industry concern and the high crime perception, which makes it counterintuitive for many investors.