Looking over your numbers I'm surprised a couple of them are so low - mortgage expenses, repairs and capital expenses.

What can I do to ensure there are no surprises after closing and avoid a costly eviction? 

It may surprise you, but we have always operated under the premise that renewals make us more money than new leases.

Without a firm base and working familiarity with these three areas the investor will not have the knowledge to analyze, negotiate and close advantageous real estate transactions. 2- Experience - the first few deals are likely to be smaller, harder, with more “surprises” and not as profitable as the investor imagined.

Hey Eric, appreciate you laying out the journey.. sometimes, real estate can feel like a marathon where every mile has a new surprise, rght?

I was a bit surprised when I heard that, and someone please feel free to correct me if I'm wrong.Overall, nicely presented, as always! 

The basic demo was complete and the property was ready for reassembly when we bought it, leaving fewer surprises.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

It may be a tough pill to swallow if you feel you’re totally right, but you may be surprised at the LEGAL opinion rendered by counsel.  

I would be surprised if the city *doesn't* require the walls to be opened.