Creative financing has been a cornerstone of my real estate investing strategy for years, and I can confidently say it’s one of the most effective ways to build wealth and scale a portfolio, especially in today’s market.

However, we are now looking into renting the property (single family home).

This property isn’t in an A class neighborhood by any means and really just looking to update enough to be able to be livable.

This means you are saying that you intend to live in the property for the next year. 

I’m looking for some guidance on my next steps toward achieving financial freedom through real estate.My long-term goal is to acquire enough rental properties to secure my financial future.

I'd love to hear your thoughts on how you navigate such a broad and diverse state when it comes to real estate.

Major water damage in my investment property from a sudden pipe burst there was some other damage from a break inand had a previous break itI have max 160k  insurance payout.It is a builders risk policy for house flipping.

I am looking at my first real estate investment in the Clearwater Florida area 33756 zip code in Pinellas County.

I am sure properties on the water have lots of potential. 

If the property doesn't meet the DSCR or the value basedon the market cap rate, your down payment will increase to bring up the DSCR orclose the gap to cap-rate value.Challenges/Lessons Learned: Just becauseyou can buy a property with a CMHC insured loan doesn't mean it is a good deal.We've seen a lot of investors agree to pay too much for the properties, and getshocked with a big down payment and low cashflow due to the low DSCRrequirements.