thank you all for your insight. preferred returns and distributions are super confusing to me. anyone know of a youtube video, book or podcast that explains the capital stack a little more in depth?

Even with the recent stock market chaos, there's some bright news for mortgage companies.

However, since Ive never done this before I decided that the amount of capital needed in my desired markets was too great to risk testing my strategies here.

This video helped me, as a business financing newbie, understand what a DSCR is and why it can be a good option for investors.

A saturated and expensive market. 

The rehab on your primary will help with the cash out refi, there will be a new appraisal which should reflect the higher market value. 

It seems like there is a very strong real estate market out there. 

All his videos and posts alluded to him operating and making all these projects successful.

Is it just this market that is bringing fear or has it always been this way?

The market will drive commissions.