It’s good to know your thoughts looking back on your personal experience.  20% sounds good if the lender doesn’t charge more for that. 

If you feel overwhelmed, consider seeking professional help from a financial advisor for personalized guidance.

So STR loophole there are personal use limitations: To avoid having the property classified as a "residence," which limits your ability to claim rental expenses, your personal use of the property must not exceed the greater of:14 days per year, or 10% of the total days the property is rented at fair market value

I don’t feel like it offers any protection if the contractor did something wrong with the installation.

Bigger Pockets Podcast #82 guest Thanks David- I did call them today and the girl that answered said she had to ask someone else and that person said yes it would be paid..

Can you message me I am looking for similar information and like to touch basis feel free to message me.

It's too far for us to feel comfortable with it and we simply don't know enough about the different areas.

The primary reason a lot of people move on to bigger deals (80 units plus), is that it's possible to own larger properties in markets that make economic sense but may be far from where you live. 80 Units seems to be the target so you can hire your own full-time property manager and maintenance person, versus relying on local property managers to manage smaller multi-family properties on your behalf.

Feel free to send me a message if you have questions, but in case you are interested in learning more about the private lending process here is a link to the book: https://store.biggerpockets.co...

So, it really is all about personal liability then?