We could buy in either HI or TX market however we're considering the Hawaii market for this purchase as we plan to live there (now/possibly retire there in the distant future) and could capture more real estate with this loan vs the Austin market.Goal: with this in the end is almost entirely for a long term hold appreciation play so although cashflow would be nice it's not a requirement as we have about a million in liquid assets to weather unforeseen financial storms (or buy other properties). 

Just set one from the get-go and attempt to stay within the bounds and save a little cash for unforeseen things should they arise.

I know it's going to be a lot of work, but I thought that maybe new construction has less unforeseen headaches than a possible rehab (depending on how much rehab is necessary).

While we’re under contract for a property in NC, we’re facing an unforeseen event in our current townhome-A rat got in from somewhere and chewed on my water supply line that enters the dishwasher.

One of my friends owns a few rentals so I asked him a million questions because I didn't want to make a mistake, and I saved so I had more reserves than I needed, make sure you have at least 6 months of PITI payments in reserves, as long as you have reserves you have time to pivot if you run into unforeseen challenges. 

I am renovating a home that is going to be my primary residence and have a family member lending me $150k to finish the renovation (I ran into many unforeseen issues that put me in this position).The repayment term is 12 months, and I plan to use a HELOC to return the funds.

If you've got $100k to invest in property, what percentage are you putting toward deals, and what percentage are you holding back for reserves to handle unforeseen capex?

Unforeseen problems?

Make sure you always have at least 6+ months of reserves, that gives you time to pivot if something unforeseen happens, good luck!

Yeah, we are definitely leaning towards doing an FHA loan just to give us some cushion if any repairs, or other unforeseen expenses pop up.That's great to hear about the bubble not necessarily being a bubble haha.