The drawback is you need to build trust and relationships upfront.Both have their place, but private money tends to offer more flexibility, while hard money is more structured and accessible if you lack personal connections.

These areas tend to have more affordable properties compared to central Phoenix and still offer strong rental demand and appreciation potential.

Some areas on Long Island tend to appreciate even more. 

I tend to agree, in this uncertain investing environment it makes sense, it just feels weird to have that much cash not working for me. 

Kiavi does a good job with a lot of things, but they tend to be a bit more "vanilla" and stick to their guidelines/checklists.

Your property management rate should be higher—there aren’t many options in the Metro East, and the good ones tend to be expensive.You mentioned that he’s already okay with you removing the tenant or adjusting rent if needed.

But I tend toward more Class C than B.   

A general range tends to be 85% to 100% covered.

Quote from @Evan Polaski: @Jamie Parker, for what it is worth, I tend to agree that you can't take the 70% rule for much of anything.  

Real estate tends to go up and you don't want to be undercutting yourself over time.