Second, I'm delighted to hear you are still moving forward with your first BRRR property; which type of property and numbers are you looking for?

All delightful people, these vacation rental folks!

What kind of unexpected problems have you run into? 

.$200,000 could get you some profits like this, but then banks want you to have a little more money for a cushion for vacancies and unexpected repairs.

Since my spouse finances some of her properties herself, and the same applies to me - we would like to have a fair split in case of an unexpected life situation of divorce.

Was the passing unexpected?  

You might just have to save up some more money for the down payment bc if you need to borrow for the down payment, what will you do when something unexpected happens like cost overruns and other unforeseen expenses? 

This grace period is meant to cover unexpected situations like your internet being down when you go to pay or other unexpected situations that happen at the end of the month.

On the bathroom side, that is going to be a major issue and may lead to unexpected/quick turnovers.  

Also known on the inside by all the commercial brokers who are just waiting to unload marginal properties on new guys and of no interest to major players.Also you will get killed if you try to do any of this remote.In my case I am delighted with my duplex portfolio and and now gearing up my "handy" lawn guy to be legs on the ground as I think of my next move - which will be to blow past the small marginals MF's into something boutique, but bigger ... very hard to do.Good luck.