I am greatly considering NACA in financing my first property and I am diligently looking for Down Payment Assistance Programs offered to first time home buyers and Chicago Public School educators.What were the unforeseen fees, costs, and needs that you experienced?

Well, not cause issues, but allow for unforeseen issues to arise.

Whatever number you end up with on rehab, keep 10-15% in reserve for unforeseens.  

Barring something unforeseen you don't have any profit to shelter so there isn't any need to contemplate a 1031 exchange or take advantage of sec 121.  

Of course, major fluctuations in the macro-economy or significant unforeseen conditions could impact these projections. 

We always include a 20% contingency for unforeseen items and that has served us well. 

Any unforeseen expenses?

My rehab did not stay on budget at all, in fact I spent double my rehab budget due to unforeseen issues with plumbing and the drainage system (original budget was $15K (didn't think the house needed much work after private inspection) and ended up spending $30K.

There may be a dip nationwide, I just don't see Columbus going anywhere but up, barring something majorly unforeseen. 

But something unforeseen could cut into that cash flow real quickly.Pros of keeping: (1) SF real estate seems to just go up and up and is tough to purchase - the city discourages and blocks almost all development and so there is a super constrained supply, lots of high paying jobs, and lots of housing demand; we wrote 30 offers to get this place in 2014 and won with a $300,000 overbid.