Ad in a few unforeseen Needed repairs and it’s even worse I would make sure to talk with the tax professional before purchasing the property

I feel like one extra unforeseen thing is kind of the Murphy's Law of investing.

That said, with a presidential election and an unforeseen pandemic is this a stay away until the waters are less muddy?

With regard to your other concerns, @Jody Sperling makes a good point that you can use credit cards for unforeseen emergencies.

I'm in the AEC industry so I'm fully aware there are unforeseen delays, and a GC will almost have a percentage of their total bid set aside for contingencies.Any feedback is much appreciated!

@Nnamdi Okwerekwu two tips add 1-2 months to the time line of scope of work and add 10%or more to your budget to account for unforeseen repairs,delays, and good luck!

There's frequently unforeseen issues that arise in almost every renovation and finding great team members is challenging in itself.  

Due to unforeseen family issues, we won’t be able to move forward with this purchase. 

This lead to extensive change orders and changes in scope, due to unforeseen code issues with electric and plumbing.

This lead to extensive change orders and changes in scope, due to unforeseen code issues with electric and plumbing.