But do check back in when you land one and let us know how you did

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

I tend to error on the side of caution when laws are involved so do check out the usury laws in the state in which the investment is taking place as those are the applicable laws.

Hey @Kyle Allen if you're open to out-of-state investing and looking for an inexpensive market that produces strong cash flow, I recommend checking out Cleveland, OH.

Your best bet is to shop around with a few different brokers as each of them cannot write for all the available companies.Here are a few to check with:TWFG InsuranceRiverlands InsuranceGoosehead InsurancePat LeBoeuf Insurance

I think it was some astounding estimate that in general, a significant degree of the US population lives check to check and will go into default of everything with almost any unexpected expense.

Most of the time, deals pencil better with a regular DSCR loan for an acquisition than with a high-interest rate ARM on your primary. 

I have been investing in residential real estate since 2012 first in California and then in Florida.My cash flow has been slowly and regularly increasing during the years thanks to the cap on property tax increase in these 2 States (IE proposition 13 in CA and 10% cap on investment properties in FL).Recently I started to analyze deals in Texas and Indiana for my next rental property.Reading some posts on this platform and talking to some investors, I quickly realized that, during the years, all the rent increases will be eaten up by the regular property tax reassessments.I think many investors often underestimate this issue.Am I missing anything?

Check local Facebook Host groups or check with a real estate agent.My 2 cents,Mike

If you haven't already I highly recommend you check out Long-Distance Real Estate Investing by David Greene.