@Brandon Morgan The most important part of a 203k, other than qualifying for the loan at the total price, meeting the self sufficiency rule….is picking the right contractor.  

AZ Superior court in 2022 ruled that if you buy in AZ and later the CC&R's are changed to restrict STR's, you're good to go to continue to run it as a STR, as you were not given sufficient notice RE the material purpose of your purchase. 

Quality and Quantity.

PMs sometimes don’t want to manage smaller properties since they like to operate on quantity. 

Your basic insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

However, there is an underwriting guideline that requires self sufficiency on 3 units and 4 units properties. 

Hey Carlos, If you are planning to buy 3-4 Units with an FHA loan you will be requited to pass the self sufficiency test on top of qualifying for an FHA loan. 

Your basic insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

The examiner should determine whether the quantity of time documented is reasonable in light of other obligations.ATG Notes Specific to Real Estate Pros: Rental activities, by nature, normally do not require significant day-to-day involvement, i.e. they are not time intensive.

im new to the real esate investing and have really been looking to get some rental properties ive seen a couple that i liked but was wondering what was best. i can buy 2 or maybe 3 houses in a not so good neighborhood...