This should reduce future flood insurance rates, increase the marketability of the home as well as decrease the chance of having to go through this in the future.

You need money if you are going to buy, rehab, rent, refinance, repeat.If you have no money right now I recommend looking for ways to increase your income, decrease your expenses, and save.Research wholesaling as an option to build up some capital.

However, even with this decrease in rates, homebuyer demand continues to weaken.After three weeks of increased homebuyer activity, demand for mortgages pulled back 1.9% last week, according to the Mortgage Bankers Association’s latest survey of applications, with purchase activity down 3% from a week ago.Sure the rates have come down, but they are still double what they were at the start of the year.I am curious to see what the data will show following the CPI print coming out next week and the FED meeting the following day. 

I would not do anything that decreases storage for a rental.   

I know it's good to be conservative but for these reasons, I'm thinking that my capex allowance could potentially be decreased from 10% to perhaps 5%.Would be very interested in what people think about this as I am hesitant in lowering my allowance for capex.Cheers,Liam

Whee, I bought at a 10% cap and my rents are decreasing and vacancy is up! 

This would provide me the capital necessary to fund my real estate business and get it off the ground and also provide a conservative reserve for unknown expenses.Effectively, I'd be making the decision that I can actively manage my real estate portfolio in a way that will generate a return better than the stock market (index funds via 401(k)).I've been a passive index fund investor for years and the thought of decreasing my retirement account contribution is painful.

If not, then I might not be too quick to decrease it.

I COULD purchase another rental property, but knowing there's going to be a hefty recession coming up, the value of that also will decrease.

After spending a few years investing out of state in long term rentals, I realized that I would have to accumulate up to 100+ houses at the infamous “$100/door” target to completely decrease my dependance on my W-2 income.