The last few words are critical because a judgment entered against a plaintiff or even a settlement for that matter where no insurance carrier is involved does not guarantee compensation.

It would be important to focus heavily on buying the right deals, as this strategy involves substantial leverage. 

I'm surprised a lender on a residential property would be this involved. 

I just didn't know how the finances work when remodeling is involve, I have some experience with construction and I could do some of the stuff, but ideally I am hiring someone to do the bathrooms and kitchen.

@Kee LeeI was involved in a similar situations just a few months ago.

I am currently going to college majoring in RE, and right now I am involved in an internship with a big home builder (PulteGroup) where i am learning the role of construction managers, which can help me in the future if i want to BRRRR or fix & flip.

This approach involves risks and considerations, including due-on-sale clauses in existing mortgages.Credit Unions and Local Banks: Sometimes local credit unions or community banks can offer more flexible terms compared to larger institutions.

A big factor to these approvals is on the operators involved, confidence in there capability.

A house hack involves living in the property which means it's somewhere where I (more importantly my future wife) would be willing to live.

Most people don’t account for expenses accurately and low rent properties have a hard time keeping up with all the expenses involved with operating a rental, in my experience.