I am considering getting into this space (looking at some courses), but worried that its too late, and that deep local market knowledge/understanding of buyers/connection with developers etc is required to make this work, which only incumbent/long term investors will have and would be hard for a new entrant starting from scratch to catch-up...is my hypothesis valid in your opinion ?

While this is a great and highly motivating goal, most people are either clueless or incorrect in their belief as to what is required to obtain this “lifestyle”.Understanding of the “how to” get there is further obscured by the misleading, and often patently false “pathways” sold by real estate educational MARKETING companies as workshops, upsold to association memberships, upsold to mentorships.

Most DSCR lenders will require a credit score of 620 or better.

Insurance is still an annual dog fight via my broker.Read your policy very carefully, consider replacement costs will probably be higher than estimatesResiliency is a requirement here.As far as sell or not....it'll depend on your determination to be here.This ain't the burbs of the bay area.Prepping for heavy rain right now.

Send it by US Mail with proof of delivery required and/or place it in an envelope with their name on it and post it on their door. 

Are you looking at properties that only need "cosmetic" rehab or are you open to deals that require more rehab?

Unless you qualify as a Real Estate Professional (which has strict requirements), your rental losses can only offset passive income.

2) Their contractor must be properly licensed and insured and we require copies of all this.

I especially liked Matt's process of creating my business plan as it forced me to really think about it, get it right and make it easily understood by my clients.His process for the offering also made me think about transparency and other ethical issues that are required by law to be disclosed in the offering.

When work needs to be done, we require the tenant to provide access.