Think through why you even want to invest in real estate in the first place.

If the company would not write this policy this way, you may have an issue at claim time. 

I am closing on a 3 bed 2 bath home in Nampa, ID that will be my first flip or BRRRR.

When I first started flipping I definitely took advantage of connecting with as many wholesalers as I could.

We only lend to experienced rehabbers who have been doing this full-time and locally.

Hi, I am just about to get started in real estate for the first time: I am thinking about getting a triplex.

Based on this of course it would still be risky, specially being the first time but better start somewhere than just keep analysing properties right?  

But if the new investments will only barely cover the extra cost of borrowing, it might be better to find other ways to access the equity or just wait for a better time.

Honestly I think most buyer's agents don't/won't do it.I think in 95% of the cases a FSBO seller could not put together the info I do for the appraiser or would even have the first clue as to what or how to do it.It's not rocket science and maybe not really brain work, it's just access to the info.For example there are neighborhoods where I've sold the same house 3 times. 

You’re in a great spot to start—good income, no debt, and time to save.