With what seems like the start of the fall in housing prices within the next two years, rental rates will organically fall 25% or a bit less anyways hah.

Thankyou for the advice, priorities right now are to settle into life back home while continuing to save and network until I’m ready to pull the trigger on my first deal ( maybe once the uncertainty of COVID 19 has settled ) I think I often fall into the trap a lot of youngsters do of wanting flash new cars way before you can realistically afford them. 

Also, as another poster noted the loan amount does fall below the $250,000 threshold, so the bank can do it internally whether the bank wants to, as it’s a tricky asset, is up to them.  

That understanding will give you the power to control the answer, and make better decisions that end up generating higher numbers to the right of that $ sign.In other words, don't make decisions based on the numbers to the right of the (=), make decisions based on the elements you can control to the left of that same (=), and the numbers on the right will fall in place as you wnat them to.

This will be a bloodbath for landlords as we get into June/July and more and more tenants fall behind in rent, with no way to replace them with new paying tenants.

Even if values are still falling over the next year or two, finding a 4 family that has good cash flow with all units rented can still be a good deal. 

If you're going the umbrella insurance route, make sure it will cover you for several things including just the routine slip and fall (like mold or earthquake).

Stack cash out AND 2-4 unit AND big loan size AND investment property, and you MAY just fall off the top of the rate sheet entirely.Let's say it's an owner occupied SFR cash out refi loan amount below $510k.

I dont expect prices to just fall off a cliff immediately though.

How far did the market fall in your area back in 2008?