If that's true, I would highly recommend building that reserve stockpile as fast as possible because even if this particular event goes smoothly, I can guarantee you at some point something is going to go horribly wrong and you are going to want to have the funds to cover whatever curveball you get thrown without needing to stress out about it. 

It seems too good to be true.

Now I understand why the borrowers like this but it did lead to many not having enough TRUE equity and DSCR to withstand a down turn so there is that .

My question to the group holds true irrelevant of the location. 2.

Simple answer is that you write a letter of explanation that is true and reasonable.

But as talking to contractors and engineers I believe this route is to big of a fish for me to get my feet wet for this being my first ever true real estate investment.

What you're saying is definitely true in terms of down payment. 

This sounds too good to be true.

We also completed a fix-and-flip in 2021, and we're currently putting the finishing touches on a new vacation rental as well as trying to get under contract on another rehab here in Tallahassee.I'll save the juicy details about those investments for another time, but let me tell you -- finally taking action has only fueled my passion and desire for more.Having as much fun as we are, and watching our wealth grow more quickly than I even imagined, I can't help but share our success with others and hopefully open anyone's eyes (for those whose aren't already opened) to the incredible potential that real estate investing holds.

It is true, I am new to the platform and have yet to directly experience their support.