Although the list may seem intensive, I look at it like this: The total cost of all these items can be much lower than the cost to repair a hidden surprise after purchasing a property to flip. 

In our largest listing, we have a triplex with a total of 11 beds and 10 baths with each bedroom set up to be potentially rented by the room (electronic lock on each bedroom door, and most with a private bathroom).

I do have some investment experience and I'm currently managing 1 property, all the numbers are great and there's a good amount of cash flow and long term growth so I'm not a total green horn. 

We forgot to mention that we would like to retire abroad in Spain or Portugal for 6 months out of the year which is why $10,000 a month will be enough for us.

Typically lenders will use the total rent being collect or the market rent given on your appraisal, which ever is lower.

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

My real estate agent thinks I'll only get 1.1 million for my home but due to a few factors I think it should be more. 1. They are set to change the zoning in my area, allowing ADU's and other construction. I don't thi...

Feeling overwhelmed is totally normal—it means you're taking this seriously.

That's two months of lost rent and utilities ($5,600) plus $2,000 in cleaning/repairs for a total loss of $7,600.

For those who’ve used it, what strategies or sources have worked best for you when covering the difference between your loan and the total project cost?