Interesting i’ve heard rumors about this flood insurance, Until then i will stay away from flood zones since the policy will decrease your cashflow.3.  

It really just limits your exit options and decreases your ability to leverage.

We all hope that when/if the rents decrease, there will be more inventory, but there will also be more people who can afford to buy.

But still we will probably see some increase in rent in non-rent controlled properties, decrease in quality for rent controlled one, and portably a higher shortage of rentals.

So he had already decreased his living expenses as much as possible.

@Daniel Chun It’s a 30 year draw, the first 10 years are max draw, then starting in year 11 the max credit line starts decreasing by 1/240th.

I realize I could cash in on any of the above and decrease the new mortgage in turn lowering my dti but my intention is to not face any tax losses by selling from any of those accounts before the end of year.

That decreases the amount of money I would be approved by a lender to purchase a property.

The additional amount in yr 1 was to help decrease the initial downpayment-Tenant responsible for all maintenance (but I did purchase them a home warranty to use)

One thing that I have gotten from BRRRR is that if you "buy right", you significantly decrease your chance of getting into trouble.