we dont mind working with knowledgeable agents but man the ones that are new or never sold new construction are just horrid to work with most of the time.. they simply dont know what they dont know and just create a lot of unnecessary drama in the transaction.

It is unfortunately one of the biggest misconceptions amongst new investors and leads to unnecessary start up expenses.

I am of an age that I don’t want to fight those unnecessary battles when the problems arise.

I had to seek extensions and deal with unnecessary stress.

Southern impression is primarily a single family home builder and their floorplans are all too large for profitability. they are overbuilding each unit and adding unnecessary things like garages that don't get you any income and only drive the construction values up. a garage on it's own isn't with much more than what it's built for and doesn't really add to the equity gain in new construction 

Plus, forming and dissolving LLCs is pretty affordable right now, so why take the unnecessary risk, right?

If you are using a DSCR lender that is asking for a 1003, that is a red flag to go elsewhere for a better experience and usually better terms.Experienced brokers know where to go for the best overall client experience as well as simplest guidelines so get the deal done quickly and without trivial conditions imposed by the many wholesale lenders that specialize in agency loans that want to offer DSCR just to offer it. 

The term didn't exist before because it is unnecessary.

I know often times people on this forum say they are unnecessary and don't always protect against liability and just get a good umbrella policy.  

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.