The house had a warranty the first year that covered anything that came up, and we only had one issue with HVAC over those 3 years. 

@Tom Nagy There are a number of existing forum threads covering the challenges RAD Diversified has faced with a number of investor's personal accounts of their own experiences.

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

However, vacancy means covering 100% of the expenses.Multifamily properties almost always generate higher cash flow due to multiple income streams, which also reduces the risk of vacancies.

It's just an unfortunate side of house flipping when you're first starting out - you typically don't have your downside covered.  

I'm trying to get a mortgage, but it's entirely possible that the mortgage might not cover 100% of the price of the house.

You can be told one thing & the PM can continue to cover it up without your knowledge.

Rufo, so you are violating the HOA rules so I don't think they would cover anything if it is the fault of your guests.This will eventually catch up with you and could result in some big fines so maybe think of selling this or converting to a LTR instead.

If all your concerns are covered, do the numbers still make sense or should I see something else?

Just make sure to adjust the rent enough to cover the average utility costs and include it clearly in the lease terms.