I really learn alot when unexpected situations like this happen.thanks

My husband and I bought this house as a primary residence in hopes to someday make it a rental after we fixed it a bit but then ended up moving out of state somewhat unexpectedly and decided to rent it.

Unexpected repairs included foundation and main sewer line.

About 4 months into the new house, the heat pump went out (not totally unexpected...the inspector said it was "working fine but beyond it's expected life span").

•⁠On <1970 homes (generally), if the wiring hasn’t been redone, then there should either be a lot of GFCI outlets, quite a few GFCI breakers, or the original two-prong outlets.

@Joel Ray CottonWhenever I look at a potential deal I bring my outlet tester.

Sure, you can make extra payments, but it might be worth your while to build up a cash reserve in the event that the unexpected happens.

You could also try speaking to a few hard money lenders in your area who may be open to financing the rehab period for a short amount of time until you can refinance the home and cash them out. Let

Would have really helped save a bunch of unexpected conversations.

There are water stains and possible mold on the plank sheeting and some rafters in the attic area of the home that have been caused by leaking of the roof or leaking around the chimney flashing.3. here is active knob & tube wiring present in the attic area of the front home which is the reason for the ungrounded outlets present. 4.