For example, newer construction properties are often built at a higher elevation that could negate the need for flood insurance, but if the unimproved lot was not of sufficient elevation, you would be stuck paying flood insurance unnecessarily.

Hey everyone,I find myself thinking a lot about strategy recently under current market dynamics, wanted to share with you and hear your thoughts.Quick intro: I've been investing in real estate for the past 4 years using primariliy BRRRR, managed to scale to 10 rentals and the goal is to generate an income sufficient to cover my living expenses within a 10 year timeframe.I've been constantly buying properties since 2020, cashing out and moving on to the next, when rates started climbing I just took for granted that cash flow is going to be thinner so I adjusted my underwriting (and expectations) and kept telling myself that the real money maker is appreciation, so a difference between $100 and $300 a month is not critical, so I can keep growing my portfolio doing the same thing I did in 2020 and 2021. 

A new law now allows enforcement officers to use online listings/ads as sufficient evidence to fine owners.It is estimated that there are 8,000 illegal STRs on Oahu.  

FHA versus Fannie is simple if the metrics are excellent credit, mid-to low DTI, down payment, No gaps or issues with employment and the property is self sufficient in debt service.

This is due to the FHA self sufficiency test, which is basically that for a 3 or 4 unit property 75% of rents will cover the ENTIRE PITI.

I also had the ability to recollaterialize (or move) those notes to another or more than one property, as long as there was equity and cash flow sufficient to pay the notes placed thereon.

Ultimately this person should free you up to work on much higher $/hour tasks, so a couple dollars per hour difference in wages is not a big deal.The biggest 3 mistakes I was making (and I think many others make) are:1 Micromanaging2 Expecting a rockstar3 Not providing sufficiently detailed instructions

It's near impossible to do a low down 3-4 unit in the Bay area because of the self-sufficiency test (If you plan on using an FHA, ask your realtor if you can do an FHA for 3-4 unit; this will easily separate out experienced realtors from others).

If you only have $5,000 liquid, you probably should evaluate whether you are sufficiently capitalized to do house flipping.

Your learning curve for the next asset class is shorter and flatter than the first, and easier for the 3rd and 4th.You get in trouble when you try underwriting an asset class/location you are unfamiliar with without sufficient checks.