Evaluate whether the potential benefits outweigh the higher costs and risks associated with hard money loans.

Thoughts please.Hey Eric,First, I would start by making sure you understand how to evaluate/analyze buy-and-hold deals.  

Like you said, I will devote more emphasis on evaluating deals, making more competitive offers, and doing my due diligence when sourcing a contractor that can parallel my goals.

So, learn about that first - and a good point to start is a Nolo book (https://www.amazon.com/Every-Landlords-Property-Protection-Guide/dp/1413307000/) mentioned in the doc, it will explain about insurance, how to evaluate insurance, and then about property management, property code, proper leasing and all the way to LLC and hiring.My notes file are primarily on asset protection, and primarily for buy&hold, but they touch on many other rabbit holes that opens from that (insurance, property management, DOS, transfers, etc.).

I'm reaching out for guidance on a few points:Long-term Strategy: With the current losses, I'm evaluating whether I should hold onto these properties for the next five years or consider selling them.

Slaven,The only way to evaluate if you are paying too much for the coverage is to shop it.  

However, it's important to carefully evaluate the terms and costs associated with refinancing before making a decision.Ultimately, it's important to act quickly and decisively to address this issue before the next payment is due.

@Engelo RumoraI have evaluated multifamily deals but never pulled the trigger, When i see sponsors paying themselves 600k from the raising because they vetted tens of deals makes me squirm.

Whether it's advice on evaluating properties, financing options, or just general insights into the Denver real estate market, I'm all ears.I'm here not just to take, but also to give back to the community in any way I can as I grow and learn.

I am learning what it takes to look at a property and evaluate what needs to be done and how that will affect the value.