I’m based in Long Island, NY, and planning to leverage the equity in my primary residence to fund this first deal.

I'm also based in CA and invest out of state (Detroit).

Phoenix has a pretty diverse market, and while there’s no official A/B/C/D breakdown map, you can generally categorize areas based on price points, rental demand, and appreciation potential.For BRRRR, you’ll want to focus on places where you can still find properties at a reasonable price, add value through renovations, and get solid rental returns.

.- Phase 2 (April 1, 2022)Applied to all remaining existing policies, transitioning them to the Risk Rating 2.0 methodology upon renewal.The new system replaced the decades-old approach to calculating flood insurance premiums, aiming to provide fairer and more accurate rates based on individual property risk.Before Risk Rating 2.0, flood insurance premiums were mainly based on whether a property was inside or outside a designated flood zone and its elevation on a map. 

It's based on people holding and buying it. 

I trust his advise but I feel that its not worth taking a chance and I should ask her to politely leave based on the fact that she has lied on her application. 

Or, you could ask for a rate quote based on a range of credit scores and you can figure out what they'd charge you on your own.

Hi Wendy,Coming from a Banker in most cases the Heloc is a Line of credit you only pay on the amount you use and a Heloan is the bank/lender gives you all cash.Lets say you borrow $10K as a heloc and in the first few months you take out $1500.00 your payment is only going to be based off the $1500 and not the $10K because the rest in the line of credit (LOC) not being used - Same as a credit card.

Thanks in advance,Aaron  @Aaron Washington, we have a fantastic insurance broker, based here in Kissimmee who is very familiar with the STR market and can quickly get you a number of appropriate quotes (the well known and lesser known companies) DM me your email and I will intro you.

If you’re prepared for the small upfront cost of getting the attic up to snuff (and assuming the house has been stable with tenants), the reward could outweigh the risk—especially at a price based on a 2-bedroom valuation.