Yes, higher income makes it easier to handle unexpected repairs but the property or group of properties itself should have a reserve.  

Family emergencies and unexpected illnesses all can come to pass.  

Mezzanine loans have higher interest rates and may include an equity participation component, allowing lenders to share in the project's upside potential.These are just a few examples of the various types of commercial loans available to borrowers.

Swapping one breaker takes modest time (15 to 30 minutes if no unexpected issues including time to identify the circuit), but swapping additional circuits at the same time requires very little additional time (probably less than 5 minutes each).If AFCI breakers does not meet code, The possible solution could be as simple as installing a GFI on each circuit.  

Determine what your financial expectations are for an investment property, run your numbers very conservatively (and for gosh sake, include room for unexpected costs, even on a new build) and then see if it makes sense.

I could technically get $332K out, so this leaves a little meat on the bone to cover closing costs, potential unexpected rehab issues, etc.

However, there is an educational time component necessary.

In my RE journey, I have seen several unexpected issues while renovating houses.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

And management is going to be quite active.I have been BRRRR-ing for over a decade and in the current market the "B" does not work so well anymore with ultra-low inventory, but on the positive note we appreciation has become a major component, so we target neighborhoods that look well in that category.