Meanwhile, my current carrier increased their estimated rebuild cost from ~$1.6M to ~$2.6M to justify their premium hike.Most other quotes I received estimated replacement costs between $1.3M and $1.7M, but finding a carrier willing to underwrite this policy has been challenging.

@Keetaek Hong I have a lot of clients who are facing the same challenges but they understand the long game and that it's imperative to build a portfolio, With that lowered interest rate I mentioned you are looking at 30% down and including PM fees will typically have you around break even or barely positively cash flowing.

Are there any challenges I might face, especially if my long-term tenants aren’t comfortable with the short-term rental activity in the same building?

Challenges?

@John Paul Palace their bggest challenge is finding competent PMCs to recommend to their clients.That's what most of the negative feedback here on BP is about them - which is UNFAIR as they're selling a rental property, NOT PMC services.Recommend you do your own due diligence on PMCs before just going with their recommendation.

An approach that we use is to provide value to the homeowner - especially to distressed homeowners.   

Challenges?

Are there better markets or hybrid approaches I should consider (e.g., smaller multifamily properties that accept Section 8 tenants)?

Hey @Delroy Watson - We've done similar projects, and they are exciting and challenging. 

- Do you think it’s worth challenging the appraisal with Kiavi, or should I just cut my losses and move on?