You can not anticipate everything and, truth be told, you do not need to hide behind a LLC.

Only reason to do it is in anticipation of tax event and taking advantage of low state income tax when the tax event happens like a big stock portfolio liquidation.

After a cash out refi, I owe 165k on it and anticipate it selling for around 350k.

Also, you will always have repairs that you aren't anticipating.

2) What is the anticipated cash flow of the existing units, if leveraged at 80% LTV?

I don't anticipate a full gut taking any longer than 3 months at the absolute maximum.

biggest unseen expenses I can anticipate might be floor joists, electrical, plumbing (it's got public sewer and water), and perhaps just general full cosmetic replacement if the tenant moves out.

. - Any other information provided by the applicant (such as anticipated length of tenancy, tenancy commencement date, etc.). - Any offers or proposals you may choose to make to us (additional rent or deposit funds, extended lease term, guarantors or co-signers, etc.).

For a tenant who clearly doesn't "read between the lines" well, I would anticipate she would read this as more leverage over me than it realistically is.

And after they pulled back the sheetrock, and part of the roof, there was much more than we anticipated.