Good Monday morning Bigger Pockets!

It might be a good time to shop the coverage with several independent agents

Do you have a good amount of equity on this property? 

@Blake Yarbrough If you can structure the deal where you get the 80% financing with good terms and rate in place and it is a good deal meaning under contract with good terms, purchase price under market value and also being the asset and property manager.

Many applicants just want to tell us their excuses over the phone, but if they won’t take thetime to put it in writing, we find they rarely end up being good tenants.UnderwritingTraditionally, landlords have only looked at the income of applicants and approved those having income equal tothree times the property rent.

I have purchased with good timing and poor timing.  

I do think they did a good job, but I did find out that at the time, Austin was overrun with 1,000's of unlicensed str's which drastically added to the available str inventory.

I have a really good friend that works in commercial quake insurance, and it's been pretty educational the last 5 or so years to kind of get peak behind the curtain from his perspective. 

Intentions are good but practice is harmful to the process.

Is this a good plan?