The neighborhood I'm considering are Southwest Fort Worth, the Alliance corridor and Melissa/Anna.

In my opinion, you can make as much money buying cheap houses as you can buying expensive homes.Affordability is an issue for a lot of Americans so I will argue cheaper cities performed better over the past 10 years than more expensive markets / houses.San Francisco, CA, Seattle, WA and New York, NY are considered expensive markets.If I look at Zillow's price estimate for homes comparing 2016 and 2024San Francisco - Average Price of home was $1,145,000 and now its 1,262,000(Increase of 10%)Seattle - Average Price of home was $561,000 and now its $848,000(51%)New York - Average price was $561,000 and now its $766,000(37%)Memphis, TN, Indianapolis, IN and Clevlenad, OH are considered cheaper markets.Zillow is showing more appreciation in these markets over the same time periodMemphis - Average price was $73,000 and now its $149,000(104%)Indianapolis - Average price was $107,000 and now its $225,000(110%)Cleveland - Average price was $54,000 and now its $109,000(101%)Population increases and job growth are two indicators that result in appreciation.Two of the cheaper markets listed above(Memphis and Cleveland) are not increasing in population.

I'd consider doing some kind of cash out refi on the property at a number you're both comfortable pulling out, while still leaving $ for reserves to maintain the STR you currently have.

A Zoom option would be great considering most of us investing don't actually live there.

You just need to have certain minimum underlying requirements per policy exposure.I do agree that having $1 million in underlying coverage is not a sufficient reason to not consider an umbrella policy. 

Have you considered partnering with landlords?

For example, many would consider Pacoima to not be a great area.

We are currently considering a 1-3% "Finders Fee" for any deals that lead to close based on the ARV of the property. 

To anyone considering this or similar programs, weigh the pros and cons carefully and stay proactive in your learning journey.

I’m looking forward to connecting with other flippers and learning from their experiences.I haven’t invested in areas like Little Rock or Fayetteville yet, but I’ve been seriously considering starting.