All you need is for one little miscalculation or unexpected issue to come up and BAM!  

Even if deferred payments are an option, make sure to have extra funds to cover any unexpected costs or delays in the project that result in more/longer holding costs (deferred payment may not covered, as mentioned earlier).

I have my Bachelors in Psychology graduated in June 2015 and I realized as my life took a few unexpected turns I no longer could do the mediocre and if I wanted to change it's starts with me.

Inspection turned up some unexpected things.  

I was halfway to Chartered Accountant before I had to leave Scotland unexpectedly; sadly, it doesn't transfer at all, so here in the USA I'm just a numbers nerd with a liberal arts degree.

I am delighted to be here and I appreciate all your advice :-) I'll see you in the forums!

I have found that the turnkey is a little more pricewise but I don't have the vacancy or unexpected rehab costs up front. 

Namaste,I am very delighted to take the first step towards realizing financial independence.I belive this community will support me, nurture me and I will be able to utilize the tools and networks here to mutually progress!

(kitchen cabinets, appliances & tools) This was all planned for and there should have been plenty left over to cover unexpected costs.

Also, there may be some common area electrical / heating that you have to account for.Occupancy - Perpetually full is great and using 5% for vacancy gives you a bit of buffer / wiggle room for the unexpected.