@Roman Balmakov If you are planning on holding the property long term and have enough reserves to cover even worst case scenarios it could still be worth it. 

I recommend establishing a reserve fund for major turnover expenses, capital repairs like a roof replacement, etc.

No amount of insurance covers the personal loss.2.

The HML covered 100% of the $32,500 rehab budget through drawbacks.Refinance: Post-rehab, I refinanced into a primary mortgage, creating 25.5% equity in the property.Future Financing: I plan to leverage the property with a HELOC to access up to $86,000 in capital for future deals.

From a leaky roof to a backyard jungle, it was a crash course in problem-solving and patience.I bought it for $145,000, powered through the chaos with a hard money loan, and sold it for $180,000.

If you have the means to cover debt, you can avoid the accounts being liquidated.   

I’ll also amortize large items like roof over 20 yrs, and then add $100/mo/unit for general repairs.

Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.

Let’s break it down.Moving to Your Next HomeYour equity could help you cover the down payment for your next home.

Fees are through the roof.