Rented out an SFH in Emory Woods Estates neighborhood this week for what I would consider an aspirational rental price and was flooded with out-of-state applications (NY, NJ, MA, CA) many were Residents at Duke.

I'm interested in properties (land) that has a lot to offer, or properties in proximity to things that I consider an attractant.

I know under certain circumstances they consider an arm's length transfer differently.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

When you accumulate enough asset consider an umbrella policy.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Hi JoeDefinitely consider an FHA owner occupied loan where you only need to put 3-1/2% down!

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Hi Michael, rates are certainly higher now compared to 2020-2021 so what you're hearing about rates is accurate.I would ask the lender to show you side by side comparisons for the following scenarios so you can see the numbers:1) Conventional "Rate-Term" (no cash out to remove PMI only)2) Conventional "Cash Out" up to 80% LTV with 22k Cash Out3) FHA Cash Out Refi up to 80% LTV depending if you have a lower credit score (say anything under 680-700), it may make sense to consider an FHA  (but ONLY if there's a real financial need since you would unfortunately still have monthly PMI on FHA and the Upfront MIP regardless of the equity).FYI, you need 20% equity / 80% Loan to Value on Cash Out so the Appraisal value will be key.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.