In order to secure more favorable long term financing I deeded the property to my personal name before beginning the refinancing process.Also When purchasing vacant properties always budget for the unexpected. 

In my experience, I have found that you never know where an great opportunity will come from next...often the unexpected relationships. 

But going too far on the cheap end of the market is simply asking for tenant turnover and unexpected repairs, all of which cost money, and negate one of the main benefits turnkey property in the first place, which is to be more passive in the investment’s management. 4.

Before leaving they unfortunately stole my refrigerator, concrete patio set, fire extinguishers, extra materials for home, and any closet component they could get their hands on.

We went to the place unexpectedly and found clothing and stuff there.

With SFHs, you are responsible for setting aside reserves for both planned and unexpected expenses - hopefully from your cash flow.

Therefore if/when the market declines, we are still making returns through cash flow, and still forcing appreciation through value-add components.

Also, one of the most often overlooked components of a syndication is the reporting.

The surge also damaged a component in the furnace.The landlord when asked to replace the damaged items, said to call Oncor that Oncor would pay.Tenant called Oncor, spoke to the District Manager.

I have enough net cash flow every month to handle the unexpected.