No client has ever ripped me off before, so it was unexpected. 

What are you going to do if the rehab costs more, takes longer or doesn't sell for as much as you planned, or some unexpected cost pops up?  

Sherry,I believe this is only one of the rare accident.

@Jessica WainscottWe were in a similar place last November of 2020 with a tenant at our long-term rental in a remote rural town in Connecticut when our tenant was unexpectantly transferred by his employer.   

If the accident happens after you transfer the property to a correctly formed and maintained LLC then you are in a much better defensive position in the slip and fall case then if you owned the property individually.  

As Kevin pointed out above, the worse thing is not being able to work, being in a nursing home and losing everything you have.....you're only one car accident away or one fall off that roof and you're done!

We the budget and build reserves to cover unexpected expenses.

Women tend to be more self critical as well and we talk ourselves out of deals that we could have easily done and succeeded.I started investing by accident in 2004 on my first purchase.

I don't have a massive reserve of cash so the less I have to put down the better in case something unexpected comes up which it does 99% of the time.

Most of the frustrations seem to come from the unexpected stuff that pops up, but good systems, processes, and teams take out a lot of the sting when things come up.