This has been our dream for the past four years and as we start this journey together I realized there are so many unforeseen battles that will rage on and beat you down on flips, especially when you tackle vacant homes and decide to bring them back to life!

Rul. 200403049, the IRS held that the hostility of neighbors qualified as unforeseen circumstances resulting in the availability of a partial gain exclusion.

But you still need to be careful because demo isn't all monkey work -- you need to know enough about construction and rehabbing to have the judgement to make the right decisions when unforeseen things are encountered, and you need to be able to think through a demo beyond the head of your sledgehammer or teeth of your sawzall blade.

Some of the most standout things had to deal with making sure the numbers are correct on the front end so that if unforeseen expenses come on the back end it will all be covered.

If you tell someone that you're spending all your free cash to buy a rental property and someone points out that buying property with no reserve and no ability to respond to unforeseen emergencies is a really bad idea and that you have no business buying property in your current, they may be right and maybe you need to adjust your plan by waiting till you have more cash, partnering with someone, etc.I think the reverse is also true. 

I'm looking to forecast and budget for 1) capital expenses relating to big ticket items (roof, hvac, appliances, unforeseen etc.) and 2) ongoing repair and maintenance costs.

Having the right insurance in place on a rehab allows your investor to protect their assets in case of natural disasters like fires, storms, and floods in addition to other unforeseen damages like those caused by theft or vandalism.What type of insurance do rehab investors need?

Anyone of us can get online loans without help, and we shouldn’t have to pay a success fee for doing this.Like all projects, there were hiccups along the way and unforeseen conditions.

I see people leverage every dime and those are the people who get in trouble when the unforeseen happens.

I personally would add about another $25k on that estimate due to unforeseen issues (remediation, foundation problems, material cost/availability, etc ).