When you say "those" are you also referring to the unexpected repairs?

I hope you can help answer these questions on a unexpected situation.My wife’s sister passed away from cancer 3 months ago.

I had a 125  unit project all approved in Lincoln city  ( next to the outlet mall) and rents simply would not justify the build costs so we sold it.. 

Painting changing switches outlets lights etc.

First, that even though I know the market well and I have worked in the real estate brokerage business for more than 10 years, I learned that there are unexpected variables that an investment can have.

Any additional info about your experience with a recent conversion, unexpected cost, and potential timelines you would like to share would also be greatly welcomed!

Managing it from a distance, even with family and military commitments, might have some challenges like property management fees and unexpected repairs, but there are ways to make it work.

I have been in cash since the Great Recession where my lender on a commercial property completely and unexpectedly called my loan in 2009.

We typicall upgade lighting by popping in recessed LEDs on dimmers where previously lamps on switched outlets were used, maybe some paint or LVP, but usually not much. 

It's crucial to conduct thorough research, consult with local professionals, and be prepared for unexpected expenses.If you're uncertain about specific local regulations or tax implications, consider consulting with a real estate professional, accountant, or attorney who can provide guidance based on your unique situation and the local market conditions.