But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

There would have been a "run on the bank" a long time ago if they did.

(G) Acceptable forms of payment of Rent (including Additional Rent) are ___ personal check, ___ cashier’s check, ___ bank check, ___ money order, and ___ the following online/ACH payment methods ____________________.

Hey @Paul Stern, I host the New Haven meet-up monthly, and invest in New Haven county, I actually just completed my first successful BRRRR on my own, tenants moved in yesterday.  

Meanwhile, switch banks.

I've hosted before so I get some of their emails.  

Depending on how bad it gets the fed will step in and fire up the money printer, of course that would be after a big bank fail and/or massive layoffs.

Besides registering with the city, are there any other steps required to setup as a STR/Airbnb host in Alexandria?

Most US mortgages are based on 30 years and without assurance on insurance, why would banks continue to make mortgages in higher risk areas if the potential is complete loss?

That means, no conventional loans, bank loans, DSCR loans.