Keep in mind that things happens in the real world and for unforeseen reasons.

As much as I want to jump into something new, there will 1000% be unforeseen costs again and I want to be in a place to be able to handle those when they come.

It's to mitigate risk for its investors, ie to account for downturns, and unforeseen events.

This involves getting detailed estimates for all renovation work planned and adding a contingency budget (usually 10-20% extra) for unforeseen expenses.The Minimalist Approach for Rentals: If your strategy involves renting out the property, focusing on essential repairs and cosmetic updates can maximize ROI.

What If one “intended to keep it longer” but for some unforeseen circumstances ends up selling it within a year??

We shouldn't prey on the economy to collapse because it has unforeseen consequences.

Sometimes a cascade of unforeseen shade jumps out and grabs ya in addition to it taking longer and being harder than you thought.   

However, there will likely be unforeseen issues and costs that always go along with some rehab projects, so by no means is this the easy path. 

There is over 100k accumulated in that account; plenty for any regular and unforeseen expenses,   capex, vacancies and anything else. 

With a positive cash flow, you can feel confident that your property will continue to provide a reliable stream of income while also safeguarding against any unforeseen financial challenges.Market Demand and Trends:Stay informed and up-to-date on market trends and demand in the area to ensure that you are well-positioned to make informed investment decisions.