Be aware of the upside and the downside.My thought is be conservative and honest about your initial underwriting and go into a deal with the leverage that will give you wiggle room in your monthly cash flow to handle any unforeseen issues, economically, or normal things that come up in day to day operations.  

Lots of risk and unforeseens.

Unless you have the capital to cover those unforeseen expenses, your best bet, as a new investor, is to buy a new property.

You might need their services or advice at other times, especially if unforeseen tax-related issues arise.10.

He could give you a quote for doing specific work, but there is always the chance that something else needs to be done that isn't part of his scope that he would just create a change order for.You can't protect yourself from going over budget due to unforeseen circumstances, you just have to add a percentage for contingencies.As far as keeping a contractors team on schedule, make sure you thoroughly vet your contractor.

Landlording is a hands on business and there are a lot of unforeseen events.

Only time we never did was when we ran into unforeseen issues such as plumbing/furances and etc but now we can’t factor that into our budget because we got tired of paying someone else to repair those items and I do them myself now lol 

Acquire a profound comprehension of navigating economic downturns and unforeseen circumstances, and uncover efficient tactics for adjusting rental pricing to triumph over the trials of a volatile market.

Calculating your break-even point involves considering all these costs and possibly adding a buffer for unforeseen expenses or factoring in a return on investment (ROI).

I explain the grace period is for unforeseen circumstances and not to be habitual or abused.