For the Newbies...

[Deborah Burian]

A veritable feast of surprises...

As I went through my day today, I realized it was the poster child of surprises for people just getting started. In spite of considerable due diligence, I have a not insignificant natural gas problem that will equal $$$ to fix. After getting a $1000 utility deposit surprise earlier.

Never underestimate the importance of cash reserves.

If you're interested in the details, you can see my blog post here.
http://www.biggerpockets.com/blogs/3976/blog_posts/28275-having-fun-with-utilities

Let me qualify all this with I'm still pleased and excited by the deal. Besides, it took a whole week for the first big problem.