Back when a close friend of mine; he’s a commercial landlord in Phoenix who once took on a quircky triplex in a tough neighborhood..decided to reshuffle his insurance setup, I saw firsthand how getting stuck in a clunky policy can really stall your forward momentum.

i agree with you on the tough environment there for purchasing / house hacking but I wouldn't give up on that regardless of what else you look into. house hacking = owning real estatewildly successful arbitrage = not owning any real estatecan you look in Frederick MD or Fredericksburg or Ashburn or an exurb? 

The main one being material participation. 

It's a tough part of STRs that some investors struggle to understand, but lending off residential assets based off how much the home can earn as an STR is far too risky. 

Material participation.I discussed STR material participation requirement in my other post, linked at the top of this one.

Its a tough one to really help someone with. 

But the neighbors told me when they built their house from ground 6 years ago, there was no issues for any building materials or trucks going through the alley. 3. the house is in historic district of Charlotte, meaning there are quite some restrictions on the exterior renovation. 

There are some great deals this time of year and the over inflation of small multifamily can be tough to get a deal. 

It's just tough to know the area, the type of renters, the type of housing, if the repair were quality or lipstick on a pig.I'd think there must be a dozen good PM in Akron. 

Those are built like a tank and you can refinish over and over again.Just be prepared to have more ongoing repairs with the cheaper materials used on a property like that.