FHA does have a Never-Ending MIP component to the loan. 

Once you know the current condition of all major components and appliances you can adjust the amount of reserves requirement.  

I keep CapEx at 10% until I have the property Inspected to determine the current condition of all major components and appliances. 

So far, I've really learned a lot about the many facets of deal analysis and in particular, the components within the Bigger Pockets calculators that I can safely assume on...

Howdy @Colleen FiumaraI have the property inspected during due diligence to determine the age and current condition of all major components and appliances.  

The main component in a CFD is the forfeiture clause which states what happens if the borrower/buyer fails to make timely payments. 

I have a wonderful day job here in the city, but view real estate as a key component for generating long-lasting wealth and greater stability during retirement.

Secondly, many condo associations are run poorly and have little in the way of financial reserves, so unexpected repairs, maintenance, or upgrades could translate into surprise special assessments that will gobble up your profits.Flipping off-market properties is a sound strategy, but it requires serious marketing effort.

We had about $3k in unexpected costs + holding costs +  a few changes that upped the renovation total.

They find a total average return of 9% for the period they looked at (1986 to 2014), and conclude:"Each component contributes approximately equally to the aggregate U.S. portfolio of housing returns, so excluding one component excludes half of total returns on average," There is also a helpful graph comparing the breakdown between the two factors in the 30 largest metro areas.