What I have learned very quickly owning these properties is that you can make these work on paper to convert them into rentals when you do your analysis today, but HOA increases are unexpected and completely out of your control.

This was a bit unexpected and I’m short about $15k.

But you will hear how we respond when vacancies and unexpected maintenance issues arise.If you have trouble getting the feedback you seek, please contact me.  

Mom passed away last year unexpectedly.

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. 

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.