Waiting until market downturns might limit access to capital.

I strongly despise when costs of mentorship start to impact the mentee's already limited ability to put a down payment on a property.

However, in practice, lenders rarely enforce it as long as mortgage payments are current and there’s no added risk for them.If you want to avoid triggering the due on sale clause, the safest bet is to wait a few months after closing before transferring the deed to your LLC.

Google is your friend.The FEMA 50% Rule is a little-known rule that limits rehab budgets on homes in a flood zone to only 50% of the value of the STRUCTURE.

Most of the regs prohibit it within the city, so I would check and see if the area you are looking allow it.Your best bet is to look at the markets on VRBO and AirBNB and see what is out there right now.

As soon as you start discussing your business practice and strategies with your customers (tenants), then all bets are off and you run the risk of Fair Housing violations. 

The wording suggests that it is limited to 60% of CPI! 

I don't think we will reach those lows again, but wouldn't necessarily bet against it, either.If you are skittish now, I'd get it on the market right now while there's still a season left, and price it to MOVE.  

There are a lot of rules around using rental income to qualify for the purchase of the new property which may limit or change your options.

It seems like you enjoy being active and using your hands so maybe the BRRRR method (buy, rehab, rent, refinance, repeat) is your best bet as you could save some money and do plenty on your own, you could also do a live in flip potentially and sell it or rent it out later.