It’s frankly worse than 2008 products and the word expensive doesn’t describe it.

It's a single-family condo purchased by me the individual with conventional financing.  

Purchase price: $70,000 Cash invested: $17,500 Buy & Hold Single Family Rental

I'd suggest getting a single family home without HOA and something that needs cosmetic reno for your first investment property.

Minimum wage to start, but you need to learn: all the terms, how to calculate, title, legal, products, insurance, appraisal, credit... but most of all how to sell and market yourself.

Posts were recent - the user community is active and the OwnerRez team has a dedicated admin monitor that answers questions promptly, takes suggestions to the company's product development team where they're implemented if deemed usefull.

If you aren't able to commit the time to it, then you'll either need to hire a PM (which will eat away at cash flow) or devout time to make it stand outI don't know but all real estate strategy from owning single family locally/OOS to Airbnb to LP syndication, there is nothing passive about it.

Is there any difference in product/rate if the building is owner occupied?

Rates are not going back down to 2-3%, so the savings will be in the cost of the product (home).2.

I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.