i dont want any unexpected paper work or LAWS to pop up and affect my deal due to lack of guidence..

I will get my $35,000 back so it will essentially be $0 down, I will have the house, still have some equity, and have extra cash in hand for any unexpected vacancy or to use as another down payment later on.

I assume a 10% fudge factor, usually plenty for unseen and the unexpected, while a few times that wasn't enough, more often it's within 2% of the initial guesstimate.

This happened unexpectedly because I had no idea I was going to move.I left the house by Dec 16. but now the landlord wants me to pay rent until January 13th because that is when the 30 day notice ends (Dec. 13-Jan 13).

Insurance is for the unexpected.

Hi Sophie, another thing you need to consider is that you should budget for some sort of reserves so if there is an unexpected expense or prolonged vacancy that you are still able to make your payments.

These unexpected scenarios are all hopefully unlikely, but they are realities in life that you and your family should be prepared for.

Over the last 25 years, I have not had more than a handful of unexpected roof replacements.

How much would you keep in reserve for things vacancies, unexpected repairs and expenses?

Have your exit strategy in place before you make an offer on a property so you don't get stuck with unexpected holding costs.