True....Cash flow = (rent * 50%) - PITI is an even bigger lie.Yes, I anticipate there will be some unforeseen expenses, but to think that they will be almost $600 a month seems a little excessive.

I don’t feel worse haha because unforeseen challenges is what makes us stronger.

In real estate, investing and just life in general for that matter, you have to anticipate the possibility that you may be without capital for a while for some unforeseen reason.

Not opposed to owning under 30k Even tho management of tenants and property maintenance will have its unforeseen challenges but good renters insurance can save headachesI was hope to get my brrr strategy funded on under 50k deals with hard money any thoughts?

Have you had to adjust them to accommodate any unforeseen?

So a picture may not be good for unforeseen reasons, but I believe every person (especially older people) enjoys a hand written letter telling them how amazing their house would be to grow a family in.

A property that cash flows on paper may in fact cause you large cash losses for years due to unexpected/unforeseen capital expenditures or skillful professional tenants who evade eviction for months or years, etc.

I wish the best for Grant and his family, he isnt the first dreamer to have been hit with an unforeseen situation.

Add any unforeseen circumstance, and this “break even” property could become your worst nightmare for a long time to come.

Renovation, especially the basement conversion, might reveal unforeseen complications, leading to additional expenses and delays.