Over-budgeting is critical to ensure that renovations don’t eat into your profits.Market Fluctuations: If property values in your area do not appreciate as expected, or if you face a market downturn, the amount you can refinance for may be lower than anticipated.Financing Challenges: Securing financing for the initial purchase and rehab, as well as refinancing after the property is rehabbed, may be challenging, particularly if the property is located in an area with fluctuating values or if the rehab work doesn’t immediately improve the property’s appraised value.Tenant Risk: Rent collection and tenant management can be unpredictable.

Once it is operating, it doesn't require a ton of time, save & except when you have an emergency come up.

It doesn't have the immediate cashflow that flipping does but it will help you get to where you want to go.

That doesn't mean you shouldn't BRRRR.

This doesn’t need to be all at once, and can be done one bite at a time.

My first deal looks like it will fall through because the bank doesn't like my work history. (4 months as a union electrician, which the bank considers contract work).

The IRS doesn’t allow both parties to claim the same interest amount, so clear documentation is critical.This post does not create a CPA-Client relationship.

It was just last week a landlord here said it doesn't matter if the tenant hates because they all do, so it really doesn't matter how you run it. 

so I am going to have to speak to the realtor and the tenant to see what we can do. hopefully she doesn't fight and it goes well otherwise i may have to adjust the rent.  

I get the feeling you don't enjoy being a landlord, so I agree that you should consider selling and investing in something that doesn't include tenants and toilets.