We have been in Business since 2000, survived the 2008 collapse.

The 2-3% points in extra cost are worth it if you plan on using as I described above because the use would be for a few  months at most and due to that short term use you can survive a rate adjustment up.But, if you have no plan to payoff the debt like when using for a down payment on a long term hold why pay the extra cost for flexibility and have the additional risk of the adjustable rate with the amortization looming when you can get a fixed rate second mortgage. 

Look how many died in the Great Recession which was nothing as severe.On the other hand, the debt-free ones will be in a much stronger and better position to survive (because they have no debt payments to make).  

To survive, you have to know that is a business however, not a job. 

We managed to bring the property down in price, overcome objections, and navigate the eviction battle, and in the end, it paid off.The key takeaway here is that if you’re a true cash buyer who can work with private lenders, you can survive long, drawn-out processes like this.

You need that calm demeanor to survive. 

I think because it's so competitive to survive in California, and being accustomed to high prices, they view the rest of the country as opportunity. 

I have warned countless people that the "new", "Cheapest", and "shaking up the insurance market" carriers typically come into the market under priced, have a wave of claims, then they either jack up premiums to survive or fire their staff to keep heads above water.

The issue is: can the operator survive to that "long term".  

Easy google search if you want to look it up.I do expect them to take profit on this, otherwise how would they survive, but if you think you'll really get far doing this way that's a different question.