In this environment, Id be shocked to see that kind of leverage unless you have decades of direct experience in that industry combined with a high tangible net worth and a healthy DSCR on the acquired business, similar to what Don was saying.

As I continue to gain knowledge through the BP forums, podcasts, books, and various seasoned investors, my goal is to create a healthy long term buy & hold portfolio through the BRRRR strategy.

My first choice owns healthy investments and helps me follow suit. 

With better data you are getting in contact with owners that others are missing by using outdated or static databases (meaning they store their data with no real-time updates) which they update every few weeks or months.I'd say a healthy connection rate for a good quality list is 20%+ where as industry average accuracy on matched data is 40% or so with better providers able to reach 75%-85% with 90%+ in some instances and lists.

I moved to the Oregon Coast in 2018 as an investor and have grown a healthy Real Estate Services business that has sold nearly $30M in investment properties. 

It definitely helps scaling in real estate to have healthy cash reserves and a good understanding and respect for leverage. 

Many people reach out to me for STR, DSCR, rural loans and now you have added 3 compounding risk factors in the banks eyes so in order to overcome this determination of risk, it is imperative to have the following if you want to have any success securing financing for your next adventure AirBNB:1) bullet proof credit score2) very healthy reserves3) experience is almost a requirement now for these types of scenarios but at a bare minimum, you have to have owned your primary or have extremely well documented housing expenses.Hope this helps people understand a bit more about why these are trickier than normal.Cheers! 

Some HOAs are better managed than others, and a healthy reserve fund can signal less risk of special assessments.That said, if you're open to it, small multifamily properties (2–4 units) may offer better long-term upside and more flexibility.

This means getting on an agreed budget, paying off and avoiding all consumer debt, and saving a healthy emergency fund.Once you've done that house hacking is a great place to start.

Many operators find that grouping daily, weekly, and monthly tenants in separate areas works best for maintaining a healthy community.Managing tenants in an RV park comes with its own quirks.