Of course you can manage for this and set aside funds however I suspect the risk and loss factor was/is far greater than the sponsor realized when they go in for this noble pursuit of helping homeowners save their homes..

I know there is a huge shortage of housing and that has driven up price in the past couple years (along with other factors such as the pandemic, population growth, etc) so, I see listings for 2br-1bth for up to 2200 on places like Zillow, Redfin, etc.  

The baby on the way should not factor into your decision. 

Great job making it look awesome, but you have two problems: First, you have a tiny market.

Some assets can be valued significantly lower than their actual worth because of illiquidity and other factors.

That’s the very simplified version but raising capital is always your biggest limiting factor so the more investors you can connect with the better. 

The turn key property is on a tiny island in the Chesapeake Bay in Maryland called Smith Island.

Not a silly question at all but the answer depends on a few factors.

With compensating factors I have a really good 15% down option on DSCR

This is pushing many to look at areas that still offer strong cash flow backed by solid economic factors.I’m originally from Florida, but experienced the same issue after factoring in all the expenses.