Many I know just focus on one area which can be detrimental when the unexpected comes up.The experience caused me to learn more about mobiles and the materials they're made of due to the amount of work needed.

It will be better to have some reserve instead of getting hit hard by some unexpected situation.They are based on 10.33% cap rate which is not bad.

If you are using hard money you need to budget for the points and fees as well as traditional third party closing fees.Repairs – The money it is going to take you to rehab the property plus an extra 10% of estimated repair costs to account for unexpected repairs.Holdings Costs – Here is where a lot of investors get tripped up.

One destructive tenant, eviction or unexpected major repair and your upside down on the whole thing.

That's why i thought a laminate like this would be unexpected and affordable.

If you are using hard money you need to budget for the points and fees as well as traditional third party closing fees.Repairs: The money it is going to take you to rehab the property plus an extra 10% of estimated repair costs to account for unexpected repairs.Holdings Costs: Here is where a lot of investors get tripped up.

@Brandon Lashley I'd be happy to help you figure those things out....let's connect.Thanks guys!

Demo Work--remove and disconnect all plumbing and supply lines (down to crawlspace)--remove all wall covering (plaster) from wall and ceiling--remove flooring down to subfloor (any unexpected damage and repairon subfloor will be an additional charge)B.

Not unexpected as with any business, if you don't pay, you don't play...it was just the fact that if it hadn't cost so much, I may have been able to pay it off sooner and could have continued with the program and gotten through my first deals.  

I'm making $100 a month, but that doesn't feel like a lot"  Or you get discouraged by crappy tenants, unexpected expenses, etc.It really does get better, you just have to stick with it. :)