Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

if someone else comes along and wants to put 50% down on a great property, and they have sufficient cash and reserves, great!

I get three calls a week on each of our parks from groups looking to buy and they are each far from any metro areas. 

I believe that within three years, rates will be much lower, and you can refinance.Another consideration is that once you get a property under contract, you should immediately shop around for better rates.

Knowing the three cities mentioned is important for grading the neighborhoods and can vary street by street. 

Excluding #1, cash to invest, the other three (whether collectively or as a whole, can be appealing).   

I'm only guessing but based on what some of the local project managers were saying is that a typical family of four that was paying for a three bedroom cabin decided they could get by with a one or two bedroom with a loft or a pullout sofa so the demand from the larger ones went up. 

I want to talk about my experience taking Rich Dad/Elite Legacy Education's three days Real Estate workshop.

There are at least three Detroiters on this thread that have urged caution or noted this is not a great place for STR. 

If you wait three months, you can use the new appraised value for the cash out refinance which is helpful because if you're doing a BRRRR, you're presumably adding value and will get more cash back for your next project if you wait the three months seasoning period.