But the bigger issue is your expectations of all in 80k, not happening.

@Ola InyangRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Expect to spend a minimum of $100k+.

20% is the absolute minimum I have seen for non owner occupied properties, 25% down is the most common, and what I would say to expect for a lender to require. 

These changes aim to prevent future tragedies but have also led to increased financial burdens on condo owners, as maintenance fees are expected to rise significantly.Insurance Costs:In addition to legislative pressures, Florida condo associations are facing skyrocketing insurance costs.

Ironically, the leader of the meetup told me to check with the county if I can add another unit on the property and I confirmed that I can but he probably wasn't expecting for me to have to rezone it as commercial. 

They'll expect to get a "good deal" on everything and they're surprised when they end up with a trash rehab, but only wanted to spend 5k on it, when the property itself was only 15-20k...

**Cost Considerations**: What should I expect in terms of cost for a typical landlord insurance policy?

Hello BiggerPockets Community,I'm Seth, based out of North Bend, Ohio. As someone who spends a majority of time at work, I'm currently in the exploration phase of understanding the real estate landscape, particularly ...

Think about worse case situations like a low appraisal (kills the LTV on a refinance), lower than expected rents, lack of showings (selling), etc. when running the numbers.