That's pretty awesome that even after the $25k of unforeseen electrical updates that it's still a fantastic deal. 

Ralph and I negotiate the final sale price and split unforeseen overruns as in the first scenario.  

@Troy PurvisCongrats newbie on your first investment property I remember the feeling well, now leave that roof alone and get that property rented and put that money aside for unforeseen matters.

Your monthly expenses on the jeep vs repairs, upkeep and unforeseen maintenance on the Accord.

Having done property management and short-term rentals for as long as I have, there is wisdom in allowing for unforeseen circumstances, and allowing a buffer of time for one to act on it.

We did bust our original time estimate by a little over a week but that was mainly due to unforeseen circumstances and learning that ALL the plumbing under the house needed to be replaced.

There really should be repair reserves to make sure there is money available for unforeseen repairs.

I would sacrifice positive income for a while for an interesting property that in the longer run should, in all theory, make me money (leaving aside unforeseen repairs and the end of the world and all that).

Ashley Abramson it's better to spend a couple hundred dollars on an engineer then to risk losing tens of thousands on an Unforeseen problem.

I have home equity line that is completely untouched for any unforeseen circumstances.