Also, achieving the 2 percent rule in my local market is near impossible but could be achievable elsewhere.Thoughts?

I get the whole 'dont fall so far behind market value' narrative but this is a long term play for me to gradually trade less of my time for w2 income if you will.

They offer a rate lock only after going through the whole process (appraisal, credit, conditions etc..) for 15 days.

Renters see that the whole neighborhood is available for rent and they push to see who will give them the best deal (or which agent will cut them a deal). 

You can test that side of it out to see if it's a good fit for you, but take some time to find which side is the right fit for you because that will be a key to achieving long-term success.Also build as many sponsor relationships as you can in the beginning because that'll give you plenty of options when you find a deal. 

Whatever the case, we strive to ensure our clients and partners are satisfied throughout the whole process. 

I don't know what your lifestyle is like, but if you're able to save $200K-$300K or so per year, this is extremely achievable. 

I ended up buying a whole new set of chairs for the dining table at Home Depot. 

However, due to the whole area now being deemed by insurance companies as a "fire-risk" zone, I can't find a single insurance company to put a STR endorsement on a regular home owner policy up there.

.🤔 The title company wired the whole amount to us without deducting for the first lien or even catching that there was a first lien.