If you have a  solid reserve and lose  a bit of money (like about 2000)  still it would be worth to get the experience and  network with first flip.. or first flip see if you can do a  joint venture with a successful and very experienced investor or flipper

On a 1.2 million dollar deal that you can get to 3.8 million, do you really want to lose the deal for 20k? 

Given that your rental property currently cash flows over $3K/month, the DSCR might be too low to qualify for the full $900K loan, unless you can show additional rental income or strong reserves.If your goal is to access that $200K for another investment, refinancing with a DSCR loan could be worth losing the low 2.99% rate, especially since it would eliminate the high-interest HELOC.

The third tenant just disappeared one day, leaving all their belongings behind and causing more headaches.At this point, I had already gone through two evictions and was starting to lose faith in the property manager.

No underwriter wants to lose their job over a "missed" item like that.

There have been several lawsuits filed against our city by the victims, estates, etc. that I believe the city is on the losing end of, and are likely to affect the city's long-term finances.

If I lose at least my hotel room and food and maybe pay for my plane ride home .

I am concerned that I will lose my money.

I can cash out refi $100k to a 30 year at 7% but lose cash flow and break even.

Same thing with what I am building in Charleston SC another red hot market with extremely limited inventory and no SFR goes for rental purposes.. those with funds to buy are still buying . when i built in florida starter homes that was and is a disaster.. granted I did not lose money but it was No way worth the effort time and risk.. so its market dependent.