Any move is possibly going to have a learning curve and some unexpected setbacks.  

These include accidents (I recently had 2 units destroyed by fire), natural disasters (I have had two units each hit by 2 hurricanes), property management turn over (they sell or stop being as good, I have experienced both), or turn over of team (I am turning over at handyman and I suspect plumber), or just wear n tear of property (slab leak in poor location, sewer pipes rotted out (one unit this month), roof, foundation issue, etc.).  

I would like to keep part of it for any unexpected expenses/emergencies I may find. 

In my experience, it's crucial to be aware of these state-specific rules to avoid unexpected tax liabilities.

You have expect the unexpected.

I'm already familiar with some of the basics of how the markets differ, but I'd be curious to hear what some of you have experienced in regard to any unexpected differences between them. 

Hi,
I have two BRRRR loans with Fixated Funding, both starting and closing on the same day. One loan was locked at 6.9%, the other at 7.1%. However, I just received the closing docs, and the rate on the 6.9% loan has...

Hire a contractor or GC with clear terms for execution and completion.Secure financing early, whether through cash, private lenders, or hard money loans, ensuring reserves are included for unexpected expenses.

@Alex SilangFirst I assume it’s a month to month lease as you cannot raise it if it’s a long term leaseFor me that is not something I would do, If you want to raise it to market rent then do it, don’t adjust rent because you had an unexpected cost.What if they turn around and walk?

Curious to hear how things turned out and whether any unexpected challenges came up in the process.