It provides more of a cusion for unexpected issues that come up.

(Would sleep up to 20 between the 4 houses)However, we ended up putting too much money into the properties with unexpected electrical, plumbing and roofing needs.

Short runs for specific difficult locations (for one outlet) aren't too bad, but using flex for trunks will severely reduce efficiency.

Last year, for instance, I was unexpectedly confronted by a loose pit bull who wanted a serious piece of me before I dashed inside and called the doggie police.

I'm looking carefully, but nothing right now fitting our bill.The market is actually better than most media outlets would like you to believe, because that is good news, and well, good news doesnt sell.

They would get inspired and then have no outlet.

But when you purchase a really cheap house you have to take into account that there will probably be more things to repair and replace - potentially costing you more in unexpected costs.

I always focused on flips because I wasn't interested in landlording - plus I enjoy the creative outlet and doing things a bit nicer than for rentals.Recently, I turned some of my attention to consulting with folks building or remodeling their own home.

My wife and I were planning on funding an emergency fund to cover unexpected maintenance and vacancies, but were hoping to keep that money and finance the property with a 100% or 95% loan.

; check for excessive ice buildup in freezer or mold on refer gasket (if you provide); check for electrical hazards- extension cords under rugs, broken outlets, too many devices per circuit.Check for other hazards as well- loose stairs or railings, fire hazards like curtains next to the stove, or stacks and stacks of paper goods; cracked, broken, or missing window panes; uneven floor surfaces; look for signs of termites, rats, roaches, or unauthorized pets.