That is a deal-killer for some groups and others will cut back leverage, so be prepared that way2) Make sure it is with a lender that is licensed in ID, it has some different rules up there so confirming ahead of time would be good.3) Include those monthly escrows into your monthly expense calculation, DSCR lenders do, so make sure you are on the same page4) With that, make sure that the lender you work with will go down to 1.0 on their DSCR if it is going to be tight.Good luck in your decision!

If you're considering private funding or investor partnerships, now’s a good time to explore those.

Thank you for taking the time to type all of this out and break it down for me.

There is also a significant time investment in continuing education, and as others have mentioned, liability.If the goal is to access off market properties, simply having a license and MLS access won't necessarily help.

Personally I consider it to be more of a entry level neighborhood for first time home buyers and a blue collar neighborhood for long term renters.

As Nick said, just confirm prepayment penalties for your loan type in case you want to refinance.In IL, duration of prepayment penalty is limited so the penalty can be higher at times

If your current accountant is not a specialist in real estate taxation, you should look for one who is.Next time, you should also get a consultation to see if the cost segregation study will be helpful before proceeding with the purchase.

I’m having a hard time finding a great price in a great location and I just can’t seem to pull the trigger on anything.

.- 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. 

This was the very first time they had rented it; brand new landlords.