Plus, if they run into something unexpected (rotting floor boards under the flooring for example) it can take longer to get things done.  

For reserves, you'll want 3-6 months of potential expenses saved (repairs, vacancies, unexpected costs).

I would be delighted to connect and provide insights on our current market, as well as share information about available turnkey properties.

Here are some key red flags to watch for:🔴 Lack of experience: A borrower without a proven track record in real estate projects may struggle to navigate unexpected challenges.🔴 Overly optimistic projections: Unrealistic ARV (after-repair value) or underestimated rehab costs can signal poor planning—or worse, a lack of transparency.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.

What are some unconventional creative financing strategies you've personally used or encountered in real estate investing that led to unexpected success, and what lessons did you learn from those experiences?

Inspections may cost more upfront, but they can save you from significant headaches and unexpected expenses down the road.Negotiate Hard: Use inspection findings as leverage.If the HVAC is near the end of its life, negotiate a credit for its replacement.If the cast iron plumbing is deteriorating and needs replacement, ask for a credit as well.Sellers often prefer negotiating credits over doing the work themselves.To give you an example: I was once under contract for an old house priced at $170,000.

Real estate is very tricky, if one can be successful it's because investor can see the hidden pitfalls and trap, and have ability to dance with the unexpected.

Risk Management: Be aware of the risks involved, such as unexpected renovation costs, property management challenges, or changes in the housing market.

.+2To all:This entire topic thread is quite delightful to read because it shows just how early we are in the Digital Asset category.

Build an emergency fund to cover unexpected costs, and ensure you can manage the mortgage without STR income if needed.