I am also rigorously doing my due diligent to avoid any unforeseen happening in the future.

We have new landlords on BP everyday who  haven't budgeted for any repairs or unforeseen costs.

You're positively cash flowing, AND putting money aside every month to cover the unforeseen happenings. 

They may not have a huge cost savings on the up front prices, but they are built in factories and basically on assembly lines, so there really isn't a big risk of unforeseen surprises and added costs like there is with site built construction. 

But what really takes a toll is, when things aren't going the way you had envisioned; when you're dealing with unforeseen issues that come up; stressful situations, projects taking longer, spinning too many plates, budgeting issues, family & personal things that come up, till your emotional bucket is running on empty. 

Make sure you have a well vetted out team on the ground to help with any and all unforeseen problems that may arise.Dominique

You will have tenant turnover, management issues, bedbugs, city inspectors, unforeseen repairs and lots of negative cash flow.

There are ALWAYS unforeseen issues, don't be surprised when they happen.I am pleased with the project. 

This is money that is set aside for unforeseen circumstances or for changes the owner might make during construction.

In these types of cases, I've known others landlords to collect double deposits for unforeseen circumstances.