We ask for what it would cost to do XX repairs and we ask for 3 different estimates, so we know that the price will not come in higher than XXX or lower than YYY without some unforeseen repair.

So many unforeseen issues can arise when digging into a rehab project.

I’d squeak by and repaIr until you got a healthy reserve to cover it plus any other unforeseen expenses .

Dive into auction terms, set contingency plans for unforeseen issues, and get ready for the post-auction process, covering paperwork and financing.

The seller has already come down a lot from my initial offer due to unforeseen problems during the inspection. 

Assume it is getting offloaded due to some unforeseen issue. 

We all have problems that come our way, we all have unforeseen expenses, and we all have good reasons why those things happen.  

Plus they will look for borrowers with better liquidity to handle any unforeseen issues.

You also have pretty thin numbers there with not a lot of wiggle room for unforeseen/unexpected cost over-runs and or extended holding costs.

This could change if I hit a limit on the number of properties I can acquire or some other unforeseen issue...then I would have to start paying them off a bit quicker.