It feels like there’s always a surprise—whether it’s skyrocketing material prices or finding something unexpected during the demo—that eats into the budget and profits.I know there’s always more to learn, so I’m curious—how do you approach rehab budgeting?

US unemployment near all time lows and GDP stable so that means FED FUNDS rate is not constrictive so they may not need to cut rates for years, and US GVT spending quite a bit more than willing to tax, so long bong Issuance going up (2 trillion issuance projected this year) so more supply = rates go up =CAP rates go upCapital Calls seem very likely Even if rates drop, those occupancy levels are awful.

Jordan—that appears to be quite a normal snow contract.

It doesn't seem this "accelerator program" is offering anything of true value and quite frankly I am surprised someone such as yourself who has 10 years of experience and owns 50 properties would fall for a gimmick.

You can cover the wire mesh with drywall patches (they tape on wall and across the wire, white/paintable, different sizes) as the wire mesh is what will prevent the rats from eating their way into the property (the covering material is cosmetic only).

If they move soon, one month vacancy would eat away any savings of a hard "no" and it's wintertime (here) where vacancy is harder to fill...I'd at least discuss with the tenant and have someone do a bid to find out what it even costs for this home.

It sounds like you've had quite the journey in real estate, sorry to hear about the tough eviction experience though! 

Chris if one reads the thread were OP posted about 38 k reno on a apartment unit and others asked questions etc etc.. the OP got quite defensive and rude frankly..

Selling would likely mean taking on new loans at much higher rates, reducing your cash flow margin unless the new properties are stellar performers.Transaction Costs and Taxes: Selling could trigger capital gains taxes (depending on exemptions) and other selling costs, eating into your net proceeds.

Once we got to about 20 rentals we quit our full time corporate jobs and now manage our rentals full time.