If the in-place rents generate don't generate enough cashflow to cover your debt service, you'll want to plan to bring additional equity to the deal to cover the shortfalls.

But in 2023 hoarding cash could yield almost similar appreciation.In 2010 era, typical asset class cap rate : 10% ; typical asset classs in 2023: 4% Summary: by converting real estate equity to cash/debt position from 2023 and forward, as long as rate of appreciation is less than inflation, we don't actually lose that much.So yes selling everything real estate is making sense in 2023 as well.

I, too, am at a crossroads, deciding whether to self-manage my first property or enlist the services of a property management firm.

Are there any risk factors to this approach, beyond typical BRRRR?  

I recommend shopping around though, as you will find very different prices for those services.

After speaking with my family, they mentioned to look in property management service rather than going through a real estate agent.

I saw their Facebook post promoting their quick collaborative mortgage service and decided to try it for a property renovation project.After filling out a form and providing my ID and bank statement, they promised a $41600 mortgage within one day, but required a 3% service fee.

As a wholesaler, typically you will write your offers to the seller with an inspection contingency. 

You wouldn't put 20% down deals like this, but typically it's a common practice to put some cash in seller's hand depending on how much equity the seller already has.

Non-QM loans are designed to accommodate borrowers with non-traditional income sources or those who may not meet the typical requirements of conventional mortgages.Here are some steps you can take to find a lender who might be a good fit for your needs:Mortgage BrokersLocal Banks and Credit UnionsReal Estate Investment GroupsOnline Mortgage PlatformsProfessional NetworkReal Estate Networking EventsWhen communicating with potential lenders, be transparent about your self-employed status, income, and financial situation.