I will also emphasize the importance of keeping at least 5% of your gross rent income and allocate it toward emergency situations each month. 

This factoring includes the presence of competent contractors who can limit unforeseen surprises and costs.Myth 2: They're Too Risky to Invest InThere is risk in any investment; however, distressed properties are not inherently riskier than any other real estate investment.

Cash flow is defined as the money left over after paying for all expenses, including setting aside a certain amount to cover projected expenses like maintenance, vacancies, or capital expenditures.EXAMPLE:Property Price: $250,000Down Payment (25%): $62,500Loan Amount: $187,500Interest Rate: 6.5%Loan Term: 30 yearsMonthly Mortgage Payment: $1,185Monthly ExpensesMortgage Payment: $1,185Property Taxes: $250Insurance: $100Maintenance (10% of rent): $250Vacancy and CapEx (20% of rent): $500Rental IncomeMonthly Rent: $2,500Total Expenses: $2,285Cash FlowNet Cash Flow: $215 per month 💰However, there are many other factors to consider.

They have nice looking direct booking sites, but I'm more curious about their digital marketing training and crm software included with their package. 

This is your time to comb over the property and inspect everything that is important to you. 

I also worked with a great lender who helped navigate financing options, including my HELOC, to make the deal happen.

I’m not trying to second guess you, just trying not to make you feel like a peasant while I do important stuff. 

Does the contract include a monetary damages provision?

But the most important thing is breaking out of the paralysis analysis stage and taking action!!!

There are a lot more things that occur as part of the contract that would be included including valuations for each parcel, specific tax consequences, proffers offered to the city etc.