@Kevin Si oh crap.. and don't forget about bonds....

In other words, if ya'll are thinking you can buy cheapo rental properties in places like Jackson, Mississippi which aren't gonna have no $150k kitchens you can't be filing claims for loss of rents, basement water back ups, equipment breakdowns and ticky tac crap like that, you're gonna get dropped by your carrier and the next carrier is going to deny you coverage.

You don’t have to accept crap offers, maybe you get out without the headache? 

I wonder if the vast majority of claims by first year (or second year) investors who say they have bought properties for even 10-30% below market value are complete crap. 

And, screen the crap out of your tenants!

No issues there at all.But never wanted to compromise beliefs just to make sales.Not my style.If we did that, we would probably just be another turnkey provider with a crap reputation.Grazie mille cario mio

All this to say, holy crap, the BP community is awesome!

Quote from @Alex Kosley:You probably havn;t live thru a downturn yet, but when it turns down everything goes to crap at the same time...that's why I say pay off the 401k loans.   

For instance, most track builders build in a crap-ton of fluff into the price of the house so they can provide a "credit" (like $15K or more) toward closing costs if and only if you use their lender...where they can charge whatever they want.

The same thing you call your "BRRRR oh crap renovation cost overrun fund," which needs to be sizeable anyways, your LO can call your reserves.