Even if they do, you need to consider the potential risk that your HOA votes to ban STRs in the future, which is definitely a possibility.I agree with Victor that you should put that money towards a house hack or some other rental property. 

We aim to start with flipping houses to build capital for more significant future investments.Currently, we are exploring the option of finding a partner who is a resident of Australia and has funds to invest with us.The high cost of properties in Sydney is challenging ($2M), so we are considering exploring a more distant but cheaper market.Is it a reasonable strategy for first-time investors?

So yes, I would consider a lower CoC if the expected appreciation was pretty certain to be quite large.

A system based on infinite borrowing until some point in the future when the whole system collapses and we switch to a new (and most likely digital) currency backed by precious metals.

I guess I was too optimistic on what to expect for reserve requirements.

I thought, this will wipeout 75% of my expected net yearly profit.

Hi, I hope all is well! I’m Chimere, I’m new here, and eager to start my sit down plan!
As mentioned before I recently joined BiggerPockets Pro and I did so to engage with professionals and to soak up as much knowled...

Interest rates are not coming down in the near future.

Or maybe this is just a heads up for any future investors thinking of doing the same thing.

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.