Lessons learned?

Thank you again especially for your encouragement, it has honestly been a hard couple of months but I know its lessons I have to learn! 

Faced with mounting expenses, extended timelines, and diminishing returns, we ultimately decided to sell the property instead of continuing with the BRRRR strategy.The Insurance Mistake:The biggest lesson I learned was that I had the wrong type of insurance.

I personally do have experience with renovations, and being a landlord and have done a few flips some went well and some did not and I have learned some valuable lessons along the way.

- Are there any resources / you tube vidoes/ or additional BP Videos I should be looking at- If anyone is so kind, would anyone be able to give me a tutoring lesson for any hour, and if so, I am willing to throw a little money for their time.

Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45% Lessons learned?

This is a lesson learned for me - I know to look for "missing" rooms for this now but I do feel that there was responsibility on your part as well.

- Any lessons learned or best practices you’d recommend for someone leaning toward this approach?

Originally posted by @Kyle Atans:Originally posted by @Anthony Dooley:@Kyle Atans I don't need a math lesson.

Lesson learnt.Tenant is current on rent, produced an ESA letter last night for pet and Tenants insurance was mandated by me in lease so he has that.I do have a clause that says - 60 days of written notice is required on either side for lease breakage.