Patience can be your best friend and if you attempt to over leverage a property it can come back to hurt you.Some will recommend buying subject 2 where you could take over an existing mortgage that could be at a substantially lower rate - but if the lender finds out and calls the loan that could also be very bad.

I'd love to utilize their expertise when assessing a property since they are local but I'm not sure what the general expectation is when I don't have a tangible property and I have not entered into contract to work with them yet.Some questions I have are: local regulations/permitting timeline, property's potential from their perspective, landscaping/amenities cost estimate (they also help facilitate this).

I'd love to utilize their expertise when assessing a property since they are local but I'm not sure what the general expectation is when I don't have a tangible property and I have not entered into contract to work with them yet.Some questions I have are: local regulations/permitting timeline, property's potential from their perspective, landscaping/amenities cost estimate (they also help facilitate this).

There are so many ways to approach this model, from buying existing, to retrofitting homes, to building new.

One lender I have spoken with stated that the DCSR loans are not regulated. 

I am never looking for a sure thing as I don't really think they exist but I don't want to get into something that I am not sure how it will look in 3 or 5 years.The only way I would look at this deal is if it is perfect for getaways and relaxing for me and the family and anything I made would help pay for those experiences.

PMLs exist, there's zillions of them, real estate investors work with them every day and PMLs fill a need and have a role to play as a specific tools for a specific situation.See if you can put a sharper point on your question.Mike Thanks for this Mike! 

I negotiated through the original contract and then put the rest of the deal together with an existing group of investors.

It makes you look like you’re asking for a new build, not an existing home. 2) Anytime you mention big items like HVAC/roof.

These carriers are not profitable in CA and CA laws and regulations do not make it easy to mitigate these financial struggles.