Do you avoid driving because you might get in an accident? 

That 1000 can turn much bigger with vacancy and unexpected repairs.

To me cashflow is important to cover unexpected expenses but I buy for wealth creation and tax benefit, not to supplement my income.

We are a thriving community of hosts committed to providing safe and comfortable haven for individuals and families facing unexpected challenges.

Just make sure your numbers are solid, taking into account renovation, holding costs, and any unexpected expenses, to ensure a profitable flip.If you'd like more help with funding options or analyzing your deal, feel free to reach out.

This is why the agencies don't let you swap out management companies, or engage in unexpected mass-renovations (as opposed to simply renovating on turnovers), without their prior approval.

Based on comps, you could sell for $275K to $300K, leaving little profit once you factor in holding and closing costs.The conversion to a 4/2 near a university is promising, but the risk lies in unexpected renovation costs or market shifts.

Purchase price: $220,000 Cash invested: $220,000 Bought this "shell" of a house; seller had passed away unexpectedly during the renovation.

Risk Assessment: Consider vacancy rates, potential repairs, and unexpected expenses.Once you're comfortable analyzing a few deals, you’ll be in a great spot to pull the trigger on your first property.If you need help with financing or want advice on what options might work for you, feel free to reach out.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.