I like to know what my costs are going to be(I always have contingency funds for unforeseen issues) rather than hoping they come in below his budget.

A renter should already be paying toward maintenance, the issue is paying the $1,000 deductible for a new roof, paying $1,500 for the busted furnace, it's the ability to cover unforeseen large expenses with ownership.The ability to pay in financing includes these aspects as opposed to qualifying a tenant.You may not be aware that the SAFE Act exempts non-profit housing organizations like Habitat for Humanity.

Hello BP. I bought a house and prior to closing on the deal, my agent said the ARV will be XXX. I closed on the deal and started the rehab. Well unfortunately during the rehab we had some foreclosures that popped up f...

Two of our preferred lenders have also reported a considerable rise in activity in their pipelines. https://www.cnbc.com/2023/01/1...With the exception of unforeseen disruptions, as written in my post regarding the US Debt Ceiling this week, a continued decline in rates as the weather warms could set up a very strong and competitive Spring and Summer Market. 

A developer buys a property for X amount of dollars, and has to put in all the infrastructure to support the project (underground utilities, roads, curb, gutter, sidewalk, drainage, deal with any environmental concerns, soil stabilization issues, earthquake requirements, cost of a neighborhood park, contribute to a nearby traffic signal, etc. and many unforeseen things) ALL of these things add costs to a development.

I am much more concerned about "opening can of worms" and adding unforeseen costs to the projects due to the necessity to bring a lot of things up to code.

Beyond cash flow, note that my property has probably appreciated 15-20% in 3 years, and I've received tax benefits through depreciation.Overall I expect this property to cash flow a little worse long term than my initial forecasts due to big unforeseen property tax increases. 

Good afternoon BP,As we all know when taking on properties to invest in sometimes we come across some unforeseen costs that become apparent during the rehab process.

@Steve Vaughan sorry for sounding harsh yes on our small scale of buying properties for the most part it is not rigged like Wall street but we should always have in the back of our mind that there will always be unforeseen corrupt forces working against  us  whether it be someone trying to hide mold or bad foundations or insider knowledge on zoning changes yes we can choose not to buy something but when the facts are distorted(fraud) we will still be fooled just look at all the wholesalers trying to buy houses with empty promises 

I assure you its not the electrician.......He will probably just tell you that there were some unforeseen problems that popped up and they need more money to finish.........ha ha..