The majority of them perform as expected. 

Properties in West Hartford, Avon, Simsbury, Farmington and to some extend Bloomfield are going for $100,000 + over asking price with 5 -10 offers within 24 hours of an open house with all offers having NO contingencies, no inspections, and the majority all cash so no financing.  

Typically, you don't want to lose money, especially if you have a long vacancy, major repairs down the road, etc.A couple of considerations to calculate:1.

Can be financed.With “Full” version – 20% reserves if renovation is major – foundation, room additionsDraw Requests“Draws” are funds paid to the contractor after work is completed.For “Streamline” – pictures of completed work is permittedFor “Full” – Consultant inspects workWork must be completed within 6 months of loan closingNo upfront draws permittedVA RENOVATION LOANContractor certified by VAHUD Consultant is required15% contingency$50,000 renovation maxSo with the 15% contingency…that means about $42,000 renovation max because of the 15% contingency

While I overall agree with you, there is a case to be made that premiums will start to normalize:Namely, major insurers pulling out of the high risk areas like FL and CA are limiting their catastrophic events.  

Did you mean major renovation or ADUs?

This is one of the major misconceptions that people have with real estate is that you can buy often, even if you do not have great W-2 income.

(Note: These are non-negotiable requirements) Other Incentive ProgramsSmall Business Improvement Fund: Best thought of as a storefront/small business rehabilitation program, this small grant program ($150,000 for commercial properties and $250,000 for industrial properties) is targeted for smaller renovation projects and can cover anywhere from 30-90% of the cost of remodeling a storefront facade, roof replacement, major systems replacements (HVAC, plumbing, electrical, etc.) or an individual interior space build-out within a larger building to get it tenant ready.

I’m a newbie, I’ve always dreamt of buying multi-family units & now I’m finally at a place where I have proof of income and make decent money. upon further research, here in Florida it’s difficult to find any without major rehab work.

One of the biggest pain points for potential hosts or owners is the 24/7 communication so mastering that solves a major anxiety point for them.