- What should we look out for during the walk-through to mitigate unexpected expenses?

It's tough when unexpected costs pop up, but those experiences definitely make us sharper for the next deal.Switching gears from renting to selling was a smart move given the circumstances.

Also, improves your position in pricing should rent prices turn bearish unexpectedly during your vacancy time so you can be flexible in pricing in negative economic environments.Con's are more on the side of the whole concept of using the long term locked-in period with the bank essentially utilize inflation to 'short the dollar', as well as the more rapid diminishment of the mortgage interest paid tax advantage.All in all it is safer in a lot of respects to get to that property free and clear, but the major downside is missing out on the additional value that is derived from the power and monetary benefits that come from having a healthy expose to mortgage and other forms of financial leverage.

Ask for details on those projects including time-line and how unexpected issues/challenges were resolved. 

I am delighted to have stumbled over the BP website. 

Stay persistent and keep moving forward.And here’s something I’ve learned the hard way: When you're looking at deals, be thorough and cautious with your numbers and always plan for unexpected costs—it'll keep you on the safe side.

You need to maintain a reserve to handle unexpected costs in the first year.How much should you maintain in the reserve? 

However, higher-than-expected costs, contractor expenses, pest control, inflation, or unexpected work can make it untenable to maintain the rental property.What can you do if maintenance is becoming a financial burden?

A lead can come in at the most unexpected times, and how quickly you respond can make or break a deal.

It turned out to be the right move because he encountered a few unexpected repair issues that would have made monthly payments stressful.