The fact that IR's accelerated outside of the worst case scenario models, even outside of a 2 SD, didn't have anything to do with it nor the fact that the local jurisdiction decided to extend the covid moratorium for an extra year resulting in no rent collection for a large portion of the MF property, was certainly factors not considered when applying basic math to the forecasting. 

As you start to build a relationship, I've had success paying contractors for quotes until you do a job with them.

You're stacking risk factors - first deal, partnership, no existing revenue source, and making an off market purchase for the first time.

Tons of factors!

What are the biggest factors that contribute to each type of market that make them their own?

Whether you are investing for Cash flow, appreciation, looking for value add, or just tax benefits.I first build out my buy box, which the more narrow it is, the better (multi family, 3 units, in XYZ zip code, at this price point per sqft, build after XYZ year......). 

As I don't have large down payment, I am thinking to start building a portfolio with finding off market deals that have equity and do bit rehab/renovate and later get refinanace to pay off HML with a traditional lender/DSCR loan. please share any thoughts on my plan and any lending resources.

Cash-Out Refinance: If you refinance the property, you can pull out cash based on the equity, which can be used for down payments on BRRRR properties.Collateral for Loans: The farm can be used as collateral for obtaining loans for other investment properties.BRRRR Investments:Immediate Cash Flow: BRRRR properties will likely generate some positive cash flow right away.Faster Turnover: BRRRR allows you to recycle your capital more quickly, aiding rapid portfolio growth.Initial Investment: $60,000 can potentially fund multiple BRRRR properties, providing diversity and multiple income streams.Farm Investment:Emotional Value: Maintaining the farm within the family has intrinsic value that cannot be quantified.Long-Term Appreciation: The farm's value may appreciate significantly over time, providing a substantial future asset.Monthly Cost: The $400 monthly cost needs to be factored into your budget, as it’s a non-cash-flowing asset in the short term.Decision Points:Emotional vs.

I discovered that credit scores are not the only determining factor for financing.

The first thing a scam artist will do is build a fancy looking website and pay for some reviews.