If you are planning to invest in MF, the 2-day weekend Sumrok training is very helpful. 

As to the quandary posed by the OP: The root of the issue is that it basically sucks to be an RE investor these days.

Here is the thread I started a few months back detailing my experience with Growth Equity Group, Brett Immel, and their cronies.https://www.biggerpockets.com/...Subsequently, I've had dozens of investors come to me directly, many of them having phone conversations with me, stating how they lost most or all of their retirement funds.

Also, the idea separating them is so you don't accidentally spend them and then no way to pay it back when the time comes.Some states if you don't refund the security deposit within X amount of days, the penality is that you will have to pay back the security deposit x2. 

I eventually just closed my Stessa account and called it a day.

Here in TN we issue POQ within a couple of days of rent being overdue, usually giving them 14 days to correct before official eviction proceedings start.

The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.

I bought my first rental in June of 2024 and have had a tenant that has been making late payments since day 1.

Quote from @Ashish Acharya: Looking ahead to 2024 and beyond, you can treat it as an STR if the average stay is still under 7 days.

The improvements needed to be completed within the 180 day timeline, so I did a pre-fab ADU.