Option 1: interest rate between 10-15% with a max of 18%.

It currently just breaks even with today’s interest rates and reported expenses and therefore wouldn’t meet my requirements of being a cash flowing asset.

When my broker shopped the policy we found a slightly lower rate for same coverage.

You raise money at a fixed interest rate, when the investor's get their return any profits on top are yours, and then when the investor get's their initial investment back it's all yours. 

Here's a quick snapshot from the COVID outbreak of early 2020 to February 2024:Key TrendsCondo prices: 📈 65% since March 2020Single-family homes: 📈 75% since March 2020Rapid appreciation mostly in 2020, stable/slight gains sinceMarket resilience despite rising rates and insurance costsAI stock market-fueled wealth could drive more home purchasesMy Prediction:Prime single-family homes: Prices remain stable or increaseCondos: Flat unless truly distinctiveThe Big Question: Are YOU ready to buy or sell?

I could house hack it though to help supplement some of those costs, maybe get into a home that needs some fixing up and then when rates come down and I get that forced appreciation I could refi and pull out some money if I’ve gained some equity?

And the rates are coming down, wait for a better sale price when is completed.

They can help you to have realistic expectations on rent rates in the area, especially if you're planning on have a PM manage the property.

Quote from @James Wise: 90% of Realtors are just Future Uber Drivers.... 100% wrong.The failure rate is 87%.

I could house hack it though to help supplement some of those costs, maybe get into a home that needs some fixing up and then when rates come down and I get that forced appreciation I could refi and pull out some money if I’ve gained some equity?