Second, what if the new property has major unforeseen issues, or the market takes a dive, or a dozen other things could go wrong.

Even on the lipstick flips, it is not hard for an unforeseen error, say a tree root in a sewer line, to eat most of my $30k profit.  

Of course, you need to plug in your own numbers.And if you already have some savings available for the unforeseen issues and are keeping healthy reserves, I would go for more refi proceeds and buy another property.

Obviously only one can be a primary residence, and there’s usually a 2-year expectation for you to live in that house, barring unforeseen circumstances (job relocation, etc)Not sure if FHA loans have any different requirements - other than the owner occupancy.

There were a lot of delays due to unforeseen circumstances, negotiation between the seller and the buyer on fees and responsibilities.

Sometimes this happens more than once a year.Landlords have things like floods, rot and pests on their to-do lists.Landlords are steeled against hardship because what we’ve made it through to get where we are now pushes us to believe we have the power to handle whatever surprises lay ahead.We’ve been shocked by the unforeseen enough times to account for it every time the phone rings or we open the mailbox.Even though we really would like to just. catch. a break. this month.I’m not yet a veteran.

I am not trying to discourage you. i just want you to be prepared for unforeseen challenges.

Savings in case of any unforeseen circumstances like vacancy or economy changes.  

However, as we live in the real world, investments don't always wrap up with a fairytale ending.Any investor worth their weight (even someone as inexperienced as me) knows that while projects are budgeted to include unforeseen expenses, hidden/unpredictable cost can throw your numbers into a never ending pit of despair.  

Easier to reach the max contribution and better protection should an unforeseen liability arise in the business or life.