Below are the figures:Purchase Price: $225,369.78ARV: $199,000.00Mortgage Balance: $209,099.44Great thing about wraps, however, is you can add equity, interest, and your own terms, which is what the borrower did here.Via adding $101,000.00 in equity, the borrower plans to sell the property for $300,000.00 for a 30 year amortization and have the borrower place a down payment of $15,000.00.

You need to prove yourself as a savvy investor first, then have a deal to present.Second, raising money is really hard right now, even for well established companies with $7 figure marketing budgets.  

Well put. 

Kiavi has served me well thus far, too.

I planned to purchase a home first, settle in, and look for a job closer if commuting is too much work. 

Your state has a market of last resort called the Indianna FAIR plan that may  write it.  

Eventually, the plan is to build a network of local professionals but I dont have that yet.

Ill send you a DM :)Are you finding that the Tampa STRs are doing well even with the 7 night minimum ordinance?  

Drop in values don't cause defaults, overleveraging however... well thats a good topic.. 

If you're considering the Midwest, I'd suggest flying there and getting to know the area really well. if you have friends or family in the Midwest, that would help since they could check out a neighborhood or  homes for you.