@Dennis M. well Unfortunately I had to buy air conditioners for all my windows for me and my children because the air conditioner unit wany out 3 times in one month the last time that it went  we was out of air for a week so that’s pretty much where my rent money won’t when it was time to pay her that following Sunday she refused and  prior to  August is rent my rent was paid up three months in advance I pay my bills on time it’s just that I ran into a hardship having to buy unexpected air conditioning So please do not judge a book by its cover I came to this group for help and advise bro to bw bashed 

Maybe you offer the guy $5000 to sign and he gets quick, unexpected cash. 

They always have unexpected 'major' problems arise that will cause the flipper many sleepless nights. 

This is the sum of purchase price plus rehab dollars plus the 6 months house payment money plus a 10% to 20% emergency reserve for unexpected extra rehab costs popping up in the rehab process If you don't even need to use to 10% to 20% emergency fund then the loan reduces at the end and you don't borrow it.Example :  purchase price = 100,000 + 50,000 for rehab and 15,000 for reserve and x months of piti= 165,000 so 3.50 % down is then $ x5775.00HomeStyle is an alternative but on a 2 to 4 unit it is 25% down.

You need a good source for local landlord tenant laws, a  reserve account for the unexpected, setup a payment tracking system, find a handyman, set expectations with your tenant about what constitutes a valid emergency, have the tenants sign a "walk through" list with photos of the condition of the house, make sure they have renter's insurance, 

@Tony Sawah I would be careful about overextending yourself and not having any money saved for unexpected emergencies or extended vacancies.

I don't think the rehab will take 6 months but I like to plan for the unexpected.

Buying at top of the market with no track record of knowing what to do "when" not "if " unexpected expenses pop up could likely hurt bad.

We purchase and rehab everything and fix it to the 9's to avoid unexpected capital expenditures.

Just because a property is 100 years old does not mean the components are 100 years old.