Hopefully you have the correct insurance in place etc.Hope this helps

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

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.

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.

Is that correct?

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

Just search the forums here and you'll read a ton about the program.I tell people it is a tool rather than a strategy.

Did you ask him to correct the issue? 

Specifically:Share your experiences investing in Knoxville.Recommend resources or tools for market analysis.Help me find off-market properties, turnkey rentals, or connect with wholesalers.I’m eager to learn from this community and collaborate with like-minded individuals familiar with the Knoxville market.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.