This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.

You got my curiosity going.I am smiling. 

Dont think having my insurance fix it is fairYes it is fair as long as the trees appear healthy.

.: Quote from @Timothy Hero: When rates were low 3's, they said any day a crash was coming.When rates jumped to 8%, they said any day a crash was coming.During both markets, the foreclosure rates and prices remained healthy and strong in most markets.Inflation has come down, 9/10 markets are up YTD in prices, and rates have come down from 8% to upper 6's. 

Also, improves your position in pricing should rent prices turn bearish unexpectedly during your vacancy time so you can be flexible in pricing in negative economic environments.Con's are more on the side of the whole concept of using the long term locked-in period with the bank essentially utilize inflation to 'short the dollar', as well as the more rapid diminishment of the mortgage interest paid tax advantage.All in all it is safer in a lot of respects to get to that property free and clear, but the major downside is missing out on the additional value that is derived from the power and monetary benefits that come from having a healthy expose to mortgage and other forms of financial leverage.

I'm familiar with a few areas more east that perform very well and there are some active vacation rentals with healthy income records on the market there as well.

One learns very quickly and unfortunately usually the hard way that cash tenants are a huge gamble and that section 8 is the only way to find healthy, consistent, positive cash flow in Detroit and many of the other inner cities accross America.

Keep healthy reserves for surprises - they're inevitable in this business.Lastly, treat this like the business it is.

She did get treatment but we lost touch so I’m hopeful it’s what she needed to stay healthy. we have gone on to do over 450 deals since that one closed March of 2017.

To all the other BP members I apologize for this post, I dont take kindly to anyone attacking me or my business without having a basis to do so.I congratulate you on having legitimate, healthy liquid cash reserves.