I earn around $15k/month from my business, but my income is somewhat variable, which might make securing financing challenging.

Therefore, if you have a variable interest rate mortgage, you must budget for fluctuations in the financial market.Maintenance & repairsBudgeting maintenance costs is vital to maintaining healthy cash flow.

In anything, people are always the biggest variable, so it can happen to anyone, but adding in a variable of someone you don't really know exasperates that risk.If you just want "boots on the ground," hire a local property management company, and don't go with the cheapest option.

It’s definitely helpful to know about the variability in unit lifespan and potential issues with repairs.

When things crumble multiple variables are at play and come down together as dominoes.

I would t go much lower unless you can estimate rehabbing accurately or bear in mind the asset class to vacancy and other variable cost issues rising.

Insurance costs are going to be extremely relative to a list of variables that differ with every property, but if you know what to target and what to watch out for, these costs do not at all prevent positive cash flow on the right opportunities

Once the rehab is complete, the loan just converts into a regular mortgage, so no need to refinance and no second set of closing costs.As mentioned above, you haven't posted a ton of other details, so there may be a lot of variables, but I did a deal as a buyer in this fashion in the past.

I know a lot of variables have to be taken into account.

Put excess fund into a self directed variable annuity.6.