It’s clear that the evolving market, especially post-GFC have shaped your perspective, and you’ve outlined some valuable points about the flexibility and challenges of private lending.The flexibility in ARV and LTV is such a huge advantage, especially for investors who might not have traditional financing options.

Challenges?

It sounds like you navigated the challenges well and gained valuable lessons for your next venture.

Depending on the severity of smoke damage and structural issues, it could be a huge challenge for first time flip.

What are your current goals or challenges in real estate?

What pitfalls or challenges should I be aware of when scaling up quickly?

I navigate through cities and towns, identifying areas that are both friendly and challenging for STRs.

Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.

However, many DSCR lenders have a minimum loan amount of $100K, which can make it challenging for investors to secure financing for lower-priced properties. 

Sharing your experience can help others facing similar challenges.