We can also walk and lose EM (and the money we've put into inspections and PE consultation.)

I generally prefer higher since I don’t plan on putting in small claims, it’s basically just for catastrophic loses and the savings in premiums over multpiple properties for multiple years should balance that out if I have ever have to use the insurance.

Maryland’s DLLR site you mentioned is definitely a step in the right direction.

If things go wrong on a $500K flip vs $1.5 million flip it is much easier to correct and you risk of losing money or not making the profit you want is quite a bit lower.

You may lose your down payment.

@Tom HallAt 7% if you can I would pay it down as investing it net after tax gains may not get you the 7% you are paying - so it’s less riskDownside is you lose liquidity of that money as it’s tied in your propertyIf rates come down in future you can refinance and even take some of the cash out.Regarding your question are rates coming down, a lot of factors come into play but right now it does not appear there will be significant changes to rates over next 3-6 months.

Not ready to cash out and lose all that RE income and tax benefits as well. 

I was building a new laundromat in the best retail area of our town when our job site got its tools and copper robbed for the second time.

Spreadsheets/Templates:If you don’t want to start from scratch, sites like BiggerPockets and others have pre-built templates you can use to run your numbers and track your expenses.

Alerts I set up through sites like Realtor.com or Zillow.