Were there anything unforeseen that happened?

BUT, there will inevitably something unforeseen that pops up.

Ultimately, I feel good so far about the deal-getting it more in line with the appraisal gives me much more room for unplanned expenses.As this wave of price valuations goes up, and I'm raising rents to cover the increased taxes and insurance costs, the margins get so much tighter on a deal like this, that seeing the seller adjust as needed makes me feel much more ready to tackle the unforeseen.

All of that said I like to keep about 6 months on hand to cover debt, and have funds available for unforeseen capex items.

If you can get good hard money terms I would do that and keep the HELOC for other repairs and unforeseen things, and other opportunities that come along.

Other items to include in the operating agreement are 1) exit plan2) what happens in an unforeseen event(ex. death of a partner)3) when will distributions be made4) etc

Aside from my terrible timeline estimation and one unforeseen new driveway installation, everything else went according to plan.

Hi all,It's my first time posting, I just need any advice at this point. I bought my 1st deal mid 2020, was a great off market deal, but needed work which isnok because I wanted to do Brrr. We did a great job remodeli...

It's a common recommendation to keep 6-12 months cash reserves to be able to cover that amount should the unforeseen happen, for example, a job loss or injury.  

Lastly What unforeseen issue have you dealt with in buying multifamily units that i need to be aware of?