With that said, most people would not consider insurance costs to be 'reasonable' compared to the rest of the US - your rates are still going to be more than someone with a comparable home in Iowa.

I’d love to compare approaches with others in the note investing space. recommend you actually post these in the group specifically for note investors....

There are other players in the game to compare with like Kenny Bedwell at STR Insights or Bill Faeth's coaching.

If there are only a few, then AirDNA gets very sketchy.Our area has only a few STRs compared to somewhere like the Smokey's.

. - When the payment was finally made, it included all of the past due amount from the prior unpaid months as well as that current month.

I have seen 2-4 unit prices go up in some of these states versus fall compared to NC/SC, NY, CT, NJ, VA and more.

Quote from @Kelly Schroeder: For landlords expanding their rental portfolios, have you compared DSCR-based financing versus conventional loans lately?

One issue that I see with padsplit in Houston is that the people are very dependent on cars.If you try to have 4 people live in a 4 bedroom house and each person has 1 car. finding parking might be difficult for the tenants.The second issue that I see is that the rent's aren't that high compared to other cities making it less of an incentive for people to want to share a place.

If you underestimate capex reserves you not only get hit on your cash flows prior to refinancing you get smoked on your overestimated valuation.I would cut off the units at 4 instead of 5. 

I am the owner of property and don't have to hire a lawyer which is required if I was an llc realtors will look to see who owns a property prior to taking buyers for visits and they will signal that right or wrong that houses owned by Llc are flips I suspect telling the judge you intend to owner occ when that is a blatant lie could get you reprimanded pretty seriously if someone file a complaint against you..