As it relates to habitation exposures, it appears that there may be a leveling off in premiums, rates, and deductibles here recently, but there's so many different variables that it's really hard to make a blanket prediction for 2025 (or the future). 

Hey Martti, Doing BRRRRs out of state definitely adds another level of difficulty, but it can be done very successfully. 

The next thing you know V.G Jason will be accusing me of trying to promote my real estate investor retreat for high level investors that I am hosting at the end of April out of my properties in Costa Rica that you can find out more about in my profile.  

Just a level of comfort of the landlord, which we know.For me though, if I'm not getting something around the low teens in cash on cash return, I don't think I'd bother with real estate.

I put the odds at 97% an investor does very well, 2% that through no fault of Praxis' the housing market and/or the economy enter a tail-spin due to inept political leadership at the highest levels, and 1% that Brian is the biggest fraud ever to fool me. 

There's many other options in real estate such as syndication and note investing depending on your level of involvement. 

This negative equity position is one of many reasons that adding ADUs in a single family zone is not typically a good RE investment.OP whatever you decide to invest in, make sure you do thorough and conservative underwriting. good luck You’re right in that the level of underwriting I presented wasn’t institutional level - but for your average person just starting out, institutional grade analysis often makes the thought of investing overwhelming.

HD actually has another level above pro. 

After looking at a lot of them, I would probably only be interested at 40 rooms or more due to staffing levels. 

Your main concern should be whether these bedrooms and bathrooms on the lower level are legal and have the proper egress require for fire code and livability.