Meaning, you are not building reserves for expected and unexpected repairs you may face as well as vacancies.

I give the interest in a christmas card at the end of the year.Usually comes out to be 20 bucks or 30, not much but always unexpected by the tenant.

Many seniors use it to supplement social security, meet unexpected medical expenses, make home improvements and more.

One of the biggest mistakes made by people who get unexpected windfalls is GOING NUTS WITHOUT A PLAN.

That system works great as long as life doesn't throw any unexpected curves.

If the rent is $1000 per month (just a round number), you should probably set aside about 3X that amount for unexpected repairs or a long vacancy between tenants.

That way, I was covered if anything went over, and if nothing too unexpected came up, I would be under budget and have more $ in the end :o)I'm definitely hoping my real estate appraising comes in handy.

I always want room for the unexpected as there is always something.

If your current equity and cash position is not there to make the downpayment on a big deal - how do you intend to make the expected and unexpected payments that come along with owning a big deal?

The unexpected, Always expect it.