It’s common to run into unexpected problems that push your costs way above what you planned, which could turn your profitable flip into a financial headache.And don't forget about taxes!

If you have a $30,000 loss (very common) I don't think a $2,500 difference is going to change whether or not you'll file a claim.  

Do the tenants typically pay on time or are tenant problems common? 

I believe it is just common courtesy on top of me spending money to send out the letters.  

Self Employed borrower makes good money in his/her business. 

Zane,First off if you plan on going SE Self-employed and starting your own company you are going to need to wait (2) years to get a conventional loan.

Thanks Drew,Is it common to run into issues with the probate process?

There is a common misconception about deleading cost and how it can be done.It varies from situation to situation, it could be as simply as covering hazardous element with some plywood or metal, or it could be some replacement doors/windows and making paint intact.

My biggest STR home run was purchasing a property in a vacation market before STRs were common.

Common complaints I hear is timeliness of communication, but it doesn't seem to be from everyone.