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We just discovered a crack in the concrete slab foundation that is a borderline major problem:- It is a vertical crack about 1/8 inch wide that is at least 9ft long, which is causing a 3/4 inch drop in the flooring and some evidence of old (luckily) limited moisture and termite intrusion. - BUT, it also appears old and probably a symptom of the original house settling.

The contingency reserve may be released only if required, necessary, and unforeseen repairs or deficiencies are discovered during the renovation.

If you’re aiming for 3 months, having a reliable team and the right lenders in place will be crucial to keeping things on track.More about how DSCRs support BRRRR refis: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Even worse, some job sites have potential mold growth internally.I have discovered that most of their current job sites appear to have been abandoned or close to being abandoned.

And when I speak with people (or write on my blog) I'm always VERY transparent about the unique challenges of the market there.

We put together the following blog post which outlines tenant responsibilities as it pertains to security deposits - https://www.keyrenternorthjersey.com/blog/4f0f9d23-698f-49fe...Let me know if you have any additional questions!

https://morrisinvest.com/blog/2018/7/2/what-you-ne... but they have this helpful blog that's always updated...

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...