Don't forget to include how you are going to force those without insurance, or who don't want to spend the insurance money, on clean up.Then there's the question of refusing to spend tax dollars on protecting houses impossible to protect, but that's for another day.

Basically, flip partnerships suck unless you spend a long time being clear about the roles and payouts, etc.

My core investing philosophy is pretty simple, and has done very well across almost two decades and numerous cities:1) Invest in cities with population (and job) growth2) Invest in parts of the city where household income is near the median (or slightly below)3) Invest in properties that provide cash flow from day 1 Thank you for sharing that. 

I don't want to spend all my capital, but I think I could potentially refinance and get some back.

I have 30+ units and on a regular month usually only spend about 5 hours total on management things, most of which involves collecting rents and bookkeeping.

I think this actually happens all over the world, but some landlords will increase their rent to the amount that the US government is willing to spend on rent in that location.

As long as you're not in a rush, we always recommend spending some time asking questions of DSCR lenders you might be looking at.

If you are reinvesting it (highly unlikely), the time you are spending doing the work could be put to much better use. 

I'd use an approved underlayment.Pro Tip: If it's cheap, it's not good.....at least spend in the moderate range.

The only thing that bests fear is courage and we only need a mustard seed of that to get things going...People often spend money on college and never go in to the field they spent that money on...the greatest lessons and the ones most remembered are learned 'on the job'.Wishing you more good news in the future and an exceptional 2025.