You may be doing more harm than good focusing on short term monetary gains at the expense of how many in the industry will perceive you moving forward.

Yes, absolutely require renter's insurance.

A lot of opportunities to buy aged C-class homes at 8, 9, 10 caps.Small investor expense ratios are 40%.Large operator expense ratios are 37/38 %.Large platforms/institution expense ratios are 33/34%Big benefit of blanket insurance policies is to drive costs down.A lot of BFR is looking for a bridge product for 2 years to hope rates get back down in the 5% range.Cannot use HPA on BFR communities you plan on selling based on cash flow.5-18% rental premium being achieved based on new construction communities compared to new construction scatter sites.For real time comps go to biggest operators BFR, small multifamily.More confidence about the cost of construction having stabilized.Some products which will not be good for retail buyers will also not be good for rentals.

I understand that investing outside of my local area may require partnering with someone on the ground who has experience and knowledge of the specific market.Once again, thank you both for sharing your valuable perspectives and advice.

They may require a lease agreement.

Some places will be little cheaper some more expensive

Homes have been getting more expensive and I want to see if it’s possible to get a second heloc on my primary residence.

That said, we're not overly familiar with this market, where to look, or what sort of funds would be required to allow a rental to work.Again, some sort of house hack and MTR strategy would be great but open to suggestions.

Fees/expenses and waterfall7.

You just need to have a current housing expense meaning you cannot be living rent free.