Over the course of a few years I collect rents and appreciation (in a good market), this tends to always make up for any unforeseen expenses I had during the initial purchase.  

The latter led to unforeseen consequences; I'm now an accidental buyer's agent for investor friends, but my primary real estate goal is to flip like Tarek & Christina. 

Especially when unforeseen things come up and they always come up.  

Might want to look at a property with a little more room for those unforeseen or uncalculated espenses.

In that case, you would qualify to exclude some or all of the gain on the sale of your home if you did not use the exclusion on the sale of another residence during the 2 year period that ends on the date of sale, or you used the exclusion within the last 2 years but this sale of your home is due to a change in employment, health or unforeseen circumstances.For rental property, the law has additional limits on the amount you may exclude.

Hey fellow DMV'ers,The BWI meetup in Columbia, Maryland for Wednesday June 12 was cancelled due to unforeseen circumstances , but there may be a few of us that would still like to meet tomorrow.

Putting the note amount higher than LTV of the property value, suggesting that the loan can't be refinanced early, it puts the lender at risk with the SAFE Act and the CFPB, they can get involved due to unforeseen occurrences (even if unwanted by both parties).

I also always want to see strong positive cash flow so if I (or my family should something happen to me) can simply sit on the property if it won't sell and let it carry itself without worry of unforeseen expenses or changes in occupancy, etc.Be careful, sleep on the deal a few nights, and don't talk yourself into a bad deal.

Just keep in mind that you guys will not agree on everything and if God forbid one of you could not fulfill the financial obligations down the line because of unforeseen circumstances, the other investor will hold the responsibility of maintaining the investment or risk loosing it altogether.

Make sure you have enough money to hold you over for unforeseen circumstances and time.