It's about finding bugs, backdoors, exploits and unplanned results for good.See crackers are black hats as they crack ie break in and cause bad things, hacking might break in but they don't do anything bad and report to the owners how they got in and how to stop them next time.

There has been tons of little issues that have delayed the process, so now we are 5 months in and we've spent about $10,000 worth of unplanned rehab and holding costs that have all been financed with personal funds.

I just read that 40% of Americans cannot cover a $400 unplanned expense.

Are your friends financially capable of handling 1/2 of the (initial) expenses and any (unplanned for) shortfalls?

No matter what you have to plan for the unplanned.

You'd need to have clear answers up-front for unplanned costs and who pays them, who inherits property if one of you dies, what happens to the investment if you break up, etc.

Against a short term view.Lifetime value and the cost of unplanned maintenance has to be included in the equation.Originally posted by "Beachbum":The cvt was good for 20 years, showed great, and was easy to maintain for the tenant.

It sounds like you had some unplanned for expenses so you must have cut back in other ways or had a contingency fund.

Primarily return on investment, appreciation is an unplanned for bonus at this stage.

So you need to make your leases flexible enough to allow for an occasional flunk out or unplanned medical issue.