Unreasonable expectations ?

[Lee S.]

I'm guessing I'm not alone here in trying to meet my own expectations perfectly on every deal/transaction.

I bought a couple houses in 2016 and rehabbed both. Initially I was going to sell but our rental market is white hot so I decided to BRRR both.

The first one went perfectly, found a great renter (work at home tech guy) and refinanced out all my original investment with room to spare with 100k equity.

I just finished the 2nd and signed a lease today.  I'll have to wait 3.5 months to refinance.  Here is where the unreasonable expectations come in.  

I catch myself feeling like a messed up if I'm not able to refinance 100% of my cash out because the appraisal comes back low.  Worst case I might have 3-5k in the house valued at 200k, I'm in and rehabbed at 140k.  

I stop myself and realize how ridiculous this is, can't nail every deal perfectly.

Anyone else beat themselves up unnecessarily?

I told my wife that I would gladly buy 10 houses at 70% value for 5k down and we laughed, silly how we become so obsessed with a goal.

[Steve Vaughan]

I sometimes focus on the small mostly irrelevant stuff too, Lee.

The big picture is the important thing of course and it sounds like you are doing awesome.

Jeremy, most will only finance at 80% LTV max, so PMI shouldn't apply.

When I was refinancing more I just wish they would skip the cavity search and the $5k in costs!