Hi Sophie, another thing you need to consider is that you should budget for some sort of reserves so if there is an unexpected expense or prolonged vacancy that you are still able to make your payments.

These unexpected scenarios are all hopefully unlikely, but they are realities in life that you and your family should be prepared for.

Over the last 25 years, I have not had more than a handful of unexpected roof replacements.

How much would you keep in reserve for things vacancies, unexpected repairs and expenses?

I'm going to hold ono it untill something can be worked out. Let

Have your exit strategy in place before you make an offer on a property so you don't get stuck with unexpected holding costs.

I was worried he wasn't thinking about unexpected setbacks, dealing with contractors, and also, how to balance money vs. time.

It will be interesting to see if corporate media outlets pick it up.Tim

you really think you've learned a thing or two, and then some tenant teaches you something totally unexpected (and always costly)......

Does HUD always require a contingency reserve to cover unexpected cost increases?