Then get your other bids together plus how much profit you need to make (add cushion because of the "uniqueness" of the situation) so you can figure out what you are able to pay for the property.

I did not include a miscellaneous cost in my first estimate but I will add it in this one to have 'cushion.'

Selling would help give us more of a cushion if we house hack our first investment property but refinancing would also help as our DTI would be extremely low to buy an investment property.

I plan on then hopefully quickly building a repair/expenses fund for the home to cushion me.

Work out ur numbers based on 20% vacancy, that will give u extra cushion for the extra work needed to rent it.

The story you tell leads me to believe you "own" all of these using high leverage, and I wonder how much cushion you have.

I get some cash flow and there's a big enough cushion in case I need it.

But luckily I kept learning more about REI and it helped me big time.I suggest your start out by studying as much as you can about REI so you can build the confidence to find and contract good deals, then build a HUGE savings so you have a cushion to fall on if trouble arises, then get into wholesaling real estate as your first step to get your feet wet with little risk.Good luck to ya!!

The business checking account runs uncomfortably low most of the time, and the upcoming window work and another renewal in mid-October mean building up the reserve cushion is going to be pushed back at least a few more months.2.If you buy a turnaround story like we did, expect to spend a LOT of time on the apartments.

The idea of having a bigger cushion to fall on eases my hesitation in using them.