24 October 2024 | 18 replies
Generic contracts cannot possibly adhere to every state’s laws; they offer speed and convenience, but you sacrifice significant risk protection.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/86278/small_1621416251-avatar-allendehl.jpg?twic=v1/output=image&v=2)
20 October 2024 | 8 replies
I recommend you do this annually to adjust for utility increases and other variables.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3134976/small_1729300973-avatar-jessed203.jpg?twic=v1/output=image&v=2)
22 October 2024 | 17 replies
However, you need to consider: - **Future rent increases**: Can you adjust the rent to help cover potential repairs or property management costs if you’re managing from afar?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3121284/small_1726694495-avatar-jenl83.jpg?twic=v1/output=image&v=2)
21 October 2024 | 24 replies
The courts will decide on the speed of eviction.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1930319/small_1729519343-avatar-sergiop52.jpg?twic=v1/output=image&v=2)
20 October 2024 | 14 replies
I really wouldn't do anything different rehabbing/flipping late in the year, except maybe adjust my underwriting.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3120109/small_1726533157-avatar-tashas28.jpg?twic=v1/output=image&v=2)
19 October 2024 | 14 replies
@Tasha Smith I've been investing in Champaign, IL the past 8 years and the foundation to my portfolio, because of the PEOPLE and contractors being in place helps speed decisions up.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3059509/small_1719340373-avatar-natea81.jpg?twic=v1/output=image&v=2)
21 October 2024 | 176 replies
Should a "Crash" does happen, just adjust again until you figure out what is working and move on, adjust, etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1790800/small_1695654554-avatar-jakee43.jpg?twic=v1/output=image&v=2)
22 October 2024 | 7 replies
However, you will need to adapt and adjust the plan as you grow and learn more.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3085981/small_1722030813-avatar-seanu14.jpg?twic=v1/output=image&v=2)
21 October 2024 | 21 replies
The amount of problems you''ll avoid and the speed you can scale after you've already worked with an experienced operator is unbelievable2.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1256899/small_1653947133-avatar-rehaank.jpg?twic=v1/output=image&v=2)
21 October 2024 | 4 replies
For example, you may eat a loss like this and adjust the scope of work by changing the type of flooring you use in parts of the house.