Most of them lie about what they've done, when they did it, and how they did it.The time-proven method of building wealth is very simple: earn, save, invest.There was a time when you could buy properties cheap, rent them for more than your expenses, and then rinse and repeat.

Understand how they slipped through the cracks - did you allow them to book even if you got a bad feeling, priced too low, last minute booking, etc? 

They are expensive but full coverage.

Consider a cash out refi, at a low LTV, say 25% 

Just moved to Austin TX - Florida was getting expensive on residential side (tax reassessments, insurance hikes and mandatory flood insurance coming soon).

I agree with @Bonnie Low. 

Essentially, you live for free for 2 years to build more capital needed without the biggest expense of rent/mortgage payments, as the tenant(s) are basically paying the mortgage for you. 

I recognize the importance of having a thorough understanding of the scope of work and associated expenses to make informed investment decisions.Therefore, I am seeking recommendations for experienced contractors or professionals in the area who specialize in property rehabilitation.

Thus, a low cap rate is indicative of lower perceived risk, for one reason or another.B: There is a relationship between the interest rates and the cap rates.

Even though you only need 15-30k, DSCR loans are typically at least 75k as the minimum requirement and you'll get an increase on your rate for having a "low loan amount."