It’s common to run into unexpected problems that push your costs way above what you planned, which could turn your profitable flip into a financial headache.And don't forget about taxes!

Make sure you have a strong idea of what assessments are coming up and that future assessments can be quite hefty and unexpected.

It gets paid over time but it still is an unexpected expense.i enjoy learning and want to hear from more experienced owners. 

Purely in terms of rental revenue, I'd be delighted with another pandemic.

Needless to say I no longer make guests pay for worthless polices that do not help me or them  (Just increase your rental by the $59 and put it in the bank to cover unexpected damage(s).

Flips - especially your first few - can be somewhat dangerous if you misjudge your expenses or run into unexpected expenses.  

After a month of staying in the unit, the Tenant calls me to tell me that they need to break the lease because he has to relocate unexpectedly.

Before proceeding, ensure you have a comfortable cash reserve for unexpected property expenses and maintenance.Property Management: Decide whether you want to manage the property yourself or hire a property management company.

A few things to consider when starting out:1) Be sure you have liquidity for the down payment, but also a healthy reserve account, since unexpected costs will come up while owning real estate. 

Unexpected