Loss of job, medical bills, etc.

I did apply, however, for the EIDL for loss of rents.

That seems a little dirty on the banks part but I guess they are just securing their investment i.e mitigating their losses.

Not to mention loss of rents of $1250/mo.   

Hi Luciano,I personally don't mind a slight loss at first if the property will appreciate.

I'm sure budget would be a barrier to do a STR or MTR but if you had a good market for it, it could be a great way to recoup some of the loss.

DSCR loans seem great and feasible if Im using OPM, but really stink when using my own money because of the high cash needed for down payment.

I figure I save $5-6k per year with high deductibles and by paying that $5,000 loss out of pocket.

@Michael RossiIf you are doing a no doc, LLC loan you should have no issue with getting a cash out refi.If you are going the conventional way and using your personal credit, if you have less income, a job change or loss could impact getting approved in the future.Overall, I would not consider this to be a major factor in your decision.

So here we are with the Fed continuing to raise rates to destroy "demand" (yes to create job losses) and if they stay the course, we could see rents decrease as fewer people are able to afford the rent, which would increase supply.