I haven’t been able to get an answer if they expect to still be on budget. 

I know it seems like a tough task, but can you spend a few more months or a year while you continue to learn to really tighten the budget or find ways to earn a little extra to start from a stronger position?

Yes, the upstairs needed it, but tearing out the downstairs not only cost a lot that was not in my budget, but also greatly added to the cost of the rehab.I kept asking Chris when the Spokane house was going to be done; he told me he needed more money.

Eliminate debt, establish a budget, and save.

I was planning on building the home in the traditional stick built style in my budget but am wondering if doing prefab may save some money/have other benefits.

The project was budget-conscious but impactful, ensuring the unit is ready for future renters.Reflecting on 2024: Wins, Challenges, and Lessons LearnedLooking back, my first year as a landlord was a crash course in property management.

Eliminate debt, establish a budget, and save.

Profitable months cover non-profitable months, so budget and expect it.

You can do as little as 10% down on your purchase price with a little experience, and then get up to 100% of your rehab budget financed!

This could involve offering a higher interest rate in exchange for reduced upfront costs or deferring payments until a certain milestone.If building right away isn’t feasible, consider buying the lot now with the goal of paying it off over time, and save up to build when rates and budgets align.