Our bank will let us use equity that exceeds 25% across multiple properties that are either owned free and clear or where they hold the first so long as the deal still cash flows with however much cash is brought to the table.

Considering thousands of properties were built before 1978, I imagine the first year will be rocky.

Yearly increasing costs will, in time, eat up any profit they have per unit.

Just hire a full time lifeguard .

First, focus on building a strong network—relationships are key in this business.

Our attorney told me just return the money as the brain damage of going to court and potentially losing (court is really just rolling the dice - small claims court is not about justice and the law but what the "judge" thinks is "fair") is not worth the possible gain.We always sign a lease and any funds paid are first applied to rent and the SD is collected last.

I'm new to investing myself, working towards my first small multifamily in northern Arizona.

.- Gradual Rate Increases: Increases are phased in over time for policyholders who see higher premiums, with annual caps on the rate hike.- More Predictable Rates: Rates better reflect the real risk rather than just being based on a flood zone map.Example Scenario (Simplified)- Old System: A house in a designated flood zone pays $1,000 annually, regardless of its elevation or distance from the water.- Risk Rating 2.0: That same house may now pay $1,200 if it's closer to the water and more vulnerable or $800 if it's higher up and better protected.Flood zones still matter under Risk Rating 2.0, but their role has changed. 

Some of you may have seen my first post already, but I thought I would officially introduce myself to the BP family.

Recognize in this RE environment it is unlikely to be a get rich quick environment without a full time dedication to value adds.