•Make sure to research the estimated tax assessment post-sale so you’re not caught off guard with a much higher tax bill than expected.6.

I don't want to pile on...we've all made mistakes and figure things out as we go.

I don't figure the note will be more than  300 a month at only 40k principal.

People are going to expect a return in thier investment.

•Turnkey is viable but expect to pay a premium.

One minus the Vacancy rate, or 92%), not the Gross Rent.Lastly, your mortgage number is an interest only figure.

Client ExpectationsClients often have unrealistic expectations, leading to frustration when things don’t go as planned.Solution: Set realistic expectations from the beginning.

The seller offered financing with 20% down, which I used to buy the place.After starting construction and realizing it was going to cost more than expected, I approached a small local bank that knew the property and would offer the rehab financing. 

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

Being albe to disect trades work that will not only meet inspection standards but exceed the investor or owners expectations.