I was really excited to be a real estate investor but having 3 out of 4 tenants break leases and cause excessive property damage as well as unexpected turnover cost from excessive damage, is making want to get out.Thank you for your any input you would like to share. 

Budge for unexpected repairs.

What are your long term goals (eg do you want to buy another house) and do you have a large savings set aside for unexpected expenses? 

After a couple of months of hard work and more than a few unexpected surprises during rehab, I sold the property for $145,000.

After a couple of months of hard work and more than a few unexpected surprises during rehab, I sold the property for $145,000.

-When a tenant moved out, the management company refunded their security deposit but failed to account for damage, such as holes in walls and outlets ripped off the walls, leaving me with repair bills and also tenants moving in without the repairs being done.Stuff like this that is consistent and when I ask questions they are defensive, when I ask for more quotes for high ticket items they are defensive. 

Expect delays and unexpected expenses: No matter how straightforward the project seems, having a contingency fund for emergencies is essential.Your Team matters.

It’s crazy how trying to stand firm can sometimes backfire in unexpected ways.

But balance is key—keeping some cash reserves for unexpected expenses is critical.Lastly, I’d recommend running detailed numbers to ensure the property cash flows well, even with conservative estimates.

If your problems were really caused by an unexpected ac failure (can’t believe your realtor didn’t get seller to throw in a home warranty.) and not lifestyle.