I'm in a similar situation where one roommate is moving out (unexpectedly) of my rental.

I've budgeted some money for extra HVAC expenditures (5k committed, 3k overruns), unexpected framing, etc. that an inspector might see.

It seems that turnkey sellers are sprouting like mushrooms, not unexpected giving all the distressed inventory being snapped up.Current practice by the largest turnkey sellers strikes me as questionable.

I bought another property through this group a year ago (which worked out okay for me, although there a couple of unexpected issues) and they only asked for a 2K deposit at that time.

I'm sure it's possible, but now I view being able to do that as an unexpected bonus.

I wonder how many investors would be wiped out if 1 deal went south on them unexpectedly.

Just because the HOA has low Association Dues does not mean that it is collecting enough money to cover it's operating cost and saving in the case of an unexpected maintenance emergency.

I'm not talking about unexpected problems--crap happens to everyone from time to time.

I own several SFHs in the lower end of the scale (20k-after-rehab-ish) and while those rent for 550$ on average, some months I may see 20% of that in net income, and most of the time like Jon side, when I get hit with something "unexpected" it may take a big chunk of the gross since while the house is cheap, maintenance costs are high in comparison.

I have heard many be surprised by unexpected expense that could have been avoided, such as sewer repair costs.Also I think a lot of new investors are optimistic on:-holding costs (including interest, taxes, utilities, hoa dues etc.)