That being said STR is still a great investment vehicle, but more stringent and conservative underwriting should be adhered to.

They indulged in luxurious residences, high-end vehicles, and extravagant vacations, all while their investors faced mounting financial losses.

It is important that my umbrella policy cover vehicles for reasons that are not important.  

They are really good and once/twice even suggested finance vehicles I had not considered that saved me money.

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And, as you're rightfully suggesting, real estate isn't a one size fits all investing vehicle.

If you want a lender for a property on the island, they must have an established bricks and motor bank on the island.

Hi Mohammad-My pleasure and thank you for the follow-up question.I think you are in a great position and wise to be thinking about real estate investing as one of the vehicles to not only create passive income streams but offset your W-2 income.One of the strategies I see the doctors doing that I work with is purchasing short term rentals as they are more actively managed and it helps them be seen as a real estate professional for tax purposes based on the number of hours they are working in their real estate business which helps offset their W-2 income.

It's just switching out one retirement vehicle for another, and you have to do what's right for you.

In my experience, lots of section 8 recipients have limited access to personal vehicle.