With negative cash flow you have to continuously pay out of pocket for repairs or upgrades.

A: "That window over there is broken".....

Hi BP -- I'm currently working on my first House Hack. I'm debating whether or not to fix old sewer waste pipe. It is a huge ticket item and can eat ~30-40% of my reno budget.Today I did a walk through with plumbers a...

Key details:- Existing debt: $2,038,000 at 3.8% with 7 years remaining- 92% of units already upgraded- Recently implemented RUBS program- Strong occupancy in a growth marketGiven the current debt structure and property improvements, this asset presents an attractive cash flow opportunity with potential for further optimization.

Think about the costs to add/replace/upgrade the electrical panel?

Investing is a supplement and a hedge, but you earn more for all of your investments, but upgrading your salary or wages year over year.

In the lease agreement, I would also add a clause that any "call outs" will require the tenant to pay for the repair/fix (unless they or handyman can conclusively prove that the landlord should pay for whatever is broken or is in need of being fixed).

Had a pretty good experience in their "Challenge" ($7K) program that deals only with single-family investing.However, later that year, we upgraded (in theory, and in dues) to their "Preferred" (or "PIG") membership, so that we could invest (passively) in multifamily deals. 

Each parts of this loop could be broken and get investors stuck, therefore, Flipping is a very high risk, experience and team&networking based game, it is not for everyone, the chances to win the game is low!

I am now trying to decide if its worth the extra $1000 for the upgrade with full solid wood, painted, AND soft close.