Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

Building a trusted team is key, so starting that process as you actively search for your market will put you in a strong position moving forward.

If a great opportunity comes up that fits your goals, waiting for a potential drop could mean missing out altogether.Your plan is already well thought out, and it’s just about putting the right pieces in place.

If you're a wholesaler, dont risk your deposit, and don't waste our time (unless you have a sweet off market deal!)

Quote from @Francisco Milan: These really do not do much these days for people finding most of the listing online; however, you need to be sure that you put one out because any lead is a lead to put in your database to market to. 

@Zachary JensenThe originalPost “ why wouldn’t an accredited investor invest with no risk….”Why is it that people think there is no risk in real estate.

I think you have to find what your strengths are and what your risk tolerance is in different areas of RE and look at your entire financial picture.  

Let's me put numbers to it: Bought a STR for $400K, 20% down, 8% DSCR loan.

Personally I look at that as the easy side of putting value to a  BRRR or fix and flips.

Simply put, there are a limited amount of PMs that will operate in the area, so I ended up with poor management.