Everyone loves saving money until they realize that they were cutting corners and being cheap.

If it was me, and I found another opportunity, I would cut my losses, especially if you can't fix the physical issues.

That might look different than just buying a house to rent out straight away.  

Being a unwise, junior investor, I just claimed straight line depreciation for 2022 and 2023 taxes.  

If you get the appraisal back and there's an issue with the value, you can sit down with builder and see where you can cut back on your costs.Side note.

(It is due to a tree that the city grew and will need to be cut down immediately to remediate the problem). (12k for the replacement of pipes and ~5 kfor tree) 

Is it possible for me to go straight to a utilities company, for instance, and ask for verification for this sort of thing?

Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437Hey @Dani Beit-Or, as a straight rental the cash flow in this deal isn't just "tight" — it's non-existent!

Always amazes me when a design professional (Architect/Engineer) is required or needed on a project, out of all the costs, that is the one that is needed to be cut or drastically lessened.

C is blue collar areas where they are a decent amount of homeowners living there and people giving a damn and cut there grass.  1 thing newbies like to think is D is ideal for section 8.