I’ve been investing in Colorado since 2021 and have worked with a lot of first-time investors looking at SFH and STR opportunities.

At the time of sale, we would amend our existing mortgage to ensure the sold property is no longer collateral for that mortage. 

The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.

You can look into low-income neighborhoods usually the properties are of lower value, but I'm not quite sure if that applies everywhere but I know in Florida I see it here and there, and if you need help looking I don't mind helping.i would be wary about REO/HUD owned properties as a first time househack.

The secret is deploying an unfair advantage and/or buying good assets + time.

Be part of the "Class Action!" 

Same goes for many apartment buildings offering MoveIn Specials.So, if it's slow-time winter or a property won't rent for another reason, why waste time worrying about why it works or how to avoid it?

I have used them multiple times in the past. 

While at the same time taking a chunk of cash.  

Many thanks for your time.