A contingency in this case means setting aside extra funds to cover any unexpected cost increases during construction.

@Angela Marquez, I would be delighted to help with feedback and analytics on the Orlando market and the specific home you have purchased, from the property management perspective.

Inspections can also cause delays, especially if unexpected issues arise that need to be corrected before moving forward.

Since my father passed away unexpectedly, i do not have cash in hand for the deposit.

If a transaction goes 100%  smoothly  I can somewhat understand your comments   but  if anything unexpected  occurs - having an agent involved to  assist  righting the  ship can  prove to be  priceless .   

Come even the slightest ripple (an increase in property insurance, an unexpected repair, etc.) and suddenly you're drowning in a sea of negative cash flow.Also, are you including both professional property management and vacancy in your operating expenses?

When issues come up, and eventually they will, such as vacancies or unexpected maintenance issues, this is where we've earned our reputation.  

Additionally, covering unexpected repairs and meeting lender requirements can pose obstacles, especially for newer investors. 

There are often unexpected expenses, and you want to make sure you have enough cushion to get through those surprises.Given the current low inventory environment, I would say securing a good deal is challenging (though not impossible) in general.

Late-night unexpected phone calls from tenantsB.