If you don't have any cash for a down payment, I would approach this very cautiously.

I do not recommend anyone loose sleep when being a bit more cautious could have them sleep well.  

If you have to expand your search criteria too much in order to get good comp data, then your subject property is unique and you should be extra cautious.  

Having said that risk from municipalities deciding to put a moratorium on rents, risk from Covid, risk of reemerging sluggishness in the economy and the myriad other risk factors is driving cautiousness in underwriting everyday. 

I asked for an extra 30 days and explained I would close sooner than that but I was being cautious.

First of all, thanks BP for all of the knowledge, great stories, and for the encouragement to be cautiously courageous in real estate!

I am cautious and mildly risk averse.

On the lower end, I encourage you to be extremely cautious with where you're investing in and how much time you intend to spend. 

From my experience, lenders are very cautious with new investors who don't have a proven ability to make deals work. 

I personally have my liscense but would be real cautious using it to sell real estate I own.