@Michaela G.Thanks a Lot Michaela, Appreciate that.Dan MahoneyThanks a Lot Dan, I Really Appreciate your Response in Breaking Down the Steps Involved and Explaining in Deep Details.One More Question here.In "Case B" you can't tell from the ad what happened to 2012-2016.

However, I don’t recommend over insuring because you’re going to be drawing attention to yourself as the deep pocket defendant that everyone wants to target.

There's a meetup--red stick investors group--here in BR that is great for meeting other people in RE and learning.

That could be risky too but otherwise for 2-5 months out of the year I could be breaking even or in red. 

bad english is a for certain red flag of fake lender.

I’d recommend taking a deep breath and not worry so much about ARV, CoC and just look at a way to decrease your cost of living while buying your first property.

@Marcus Auerbach and Jason , I found this data to be very useful and intriguing.I checked the spread between Income, Fannie Mae Loan Limit and , ZHI Median.Area income: Fannie Mae 1 Unit Dwelling Confirming Loan Limit: ratio$158k->$1,150,000:7.27x (my zip code in CA)$100k->$766,550:7.66 ( zip code 53209 in Milwaukee)so these are expected but lets deep dive:ZHI ratiozip codeArea income:ZHI Median: ratio ZHI to income,current spread ofCAzip:$158k:$791k: ratio: 5.0x : 0.68% !

Relying with sponsor experience should be secondary when LP is investing but LP job is really has to go supeer deep dive into the underwriting.

If you don’t plan on working as a traditional agent helping people buy/sell properties it may be best to save your time/money and just dive deep into wholesaling. 

If in the countryside we do a post hole about 2 foot deep.