Also RE does not suddenly crash, it takes months and years for the trend to change; its slow like an oil tanker, the 2008 crash was very visible in the market data 2 years prior.I don't follow the stock market close enough to comment, but we are not going to see a RE crash any time soon, at least not in the midwest, if anything we may see things slow down at some point, which would be good - what I believe we will see (I am already seeing it in my biz) is a new wave of economic and climate related migration within the US, based on the fact that remote working is allowing people to move from fires, droughts and exuberant real estate prices to the states that are much more attractive - I am getting several calls a week now from people moving to Milwaukee, usually from the states out west, but also from down south.

As long as you have a piggy bank such as i401k, ira, 401k or some type of liquid or fairly accessible funds, you don't need that much in reservesIn this climate we are in, best to be on the higher side of reserves(especially in C/D areas) in case of non payment and to jump back into the market strong if we get back to early 2010s in terms of pricing. 

Also, if you are in a cold weather climate, moving in the snow cannot be too much fun.

Any thoughts or experience in the current financing climate?

Insulating the floor space (underneath the joists, with rigid or batt insulation- not shown in this drawing) will keep your living spaces warm during the winter, which given your climate is not so important probably.

I am as new as they get to the real estate gig so I cannot take the pulse on the current real estate climate in Mobile.

Further, they retread strategies and techniques proven ineffectual or even dangerous in many economic climates, and tell their followers how they’ve perfected the strategy and made “millions” utilizing it.  

I actually think that in the current climate the only way to cash flow on a STR is buying at a rock bottom price somehow.

There are a ton of benefits to investing where you live and work for the folks that are sticking around Seattle for the long haul... although a friendlier business climate around would definitely be nice.PS: My family's home in Cupertino, CA is a 3-4 bed ranch house, midgrade 1970s construction, and its worth 2.5 million dollars.

Had it with WA's anti-landlord climate.