The key is analyzing each deal individually and adapting to changing market conditions. 

A pre-approval letter states that it's been approved by an individual that is approved to do so.

With that said, if you decide to change your plans and not get into REI that solution will still reap it's reward for peace of mind.

Put locks on each bedroom door so individual tenants have security of their personal belongings.You need a really good set of rules regarding shared common space, cleaning, kitchen use, bathroom use, etc.Be very clear about the rules up front, and selective about who you put in there.

"The President's action makes federal funding available to affected individuals in Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mitchell, Polk, Rutherford, Transylvania, Watauga, Wilkes and Yancey counties."

I could also just do a straight arbitrage/master lease but prefer the co-host model as I see it as more equitable and disperses risk and reward more evenly between myself as the co-host and the syndication LLC as the property owner.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

You could bring in your expertise while they provide the funds.Seller Financing: Depending on the seller’s situation, they may be willing to finance part of the purchase, which can ease the burden of upfront costs.Private Investors: If you have a good network, you might find individuals who are interested in investing in your project.

Once I start getting applications returned to me I set up showings, both individually and usually 1-2 open house style options.

Overall, real estate values went up as supply was further constrained by the event, but a lot of individuals paid dearly.