I knew (and still know) it would be a long time before I would be doing any on my own as I still lack a firm understanding of A-Z.

There is a provision: 12 CFR 226.32 (d) (8) of Regulation Z, or "reg Z"...

@Terry Z. if an appraisal is conducted , this report is what will determine the amount the lender will be able to lend.

I am in the process of starting a short term rental consulting company offering the services of str marketing strategies, how to manage your own rental, how to find the right property management company, finding the right str home, knowledge in real estate (podcasts, books, videos, and surface level alternative forms of investing in real estates besides strs), and then a package of pretty much everything a-z from finding a home, to managing or finding a management company, marketing it, to software, tech, and security etc.

Most of the defaults in all categories came from being over-leveraged against the equity and if it decreases and/or disappears a lot of the fine print on these loans allows them to be called if X, Y, or Z happens. 

Richard Z.

and @Christine Z., who the heck puts a giant 'H' in their turquoise shower? 

. - 5 properties in the next 2 years, ~200k price point, in neighborhood x,y,z, with rents from $1,000 - $1,500) - and see what questions they ask you.  

Also, Tracy Z has really good videos on using financial calculator for different strategies that is invaluable.

But if you are waiting for the bottom to fall out of multifamily housing, it isn't. with 4.6 million unit shortage and 90 million millennials entering the rental market and Gen Z right behind them.