The other thing to note is most times Pref equity is pretty save assuming a 10-20% market correction but in 2021-2023 we saw a 30% correction meaning pref equity in deal specific deals were underwater without any options.

Many insurers have left the state so it is important to be able to get the correct STR insurance.Start calling around and get some bids and ideas on cost and fit it into your budget before you start offering on properties.

I don't think that's a good strategy because you can never time when the correction happens.

And if you work hard, you can even find a cash flowing triplex or quad, so you can get a DSCR loan with little income to show.The comments saying it is hard are correct, but nothing good comes easy and it would be a big shame to forgo the #1 best tool in real estate investing, house hacking, without even giving it a chance.If you want to work hard to create something for yourself and your family, current or future, please reach out and I will help you look for a house hack that will kick start your investment journey.Best of luck!

This is where you will get the correct estimates. 

If I understand correctly, you're suggesting that we should focus on the big picture rather than getting caught up in minor details?.

Asking in the correct forum will get a better response.Read the RULES!

Is that correct?

Did you ask him to correct the issue? 

@Kyle KlineMy Take on Cash Flow: - Cash Flow is a hedge against corrections.