Vice versa, if you are just starting out, you might want to be more conservative to tackle any unexpected expenses that arise.The 70% rule is an industry standard, but that doesn't mean you can't adjust it based on your desired ROI.

Therefore, it's vital to calculate these costs before purchasing the property.Seeking the help of a 🏗️construction professional is recommended to create a comprehensive budget that includes hard costs (materials, labor), soft costs (architectural and engineering fees), and contingencies for unexpected expenses.

Can one partner loan money to the partnership in the case of an unexpected repair?

I had a family emergency with unexpected medical costs and had to cancel a reservation.

The remodel financing itself was an unexpected but extremely welcome windfall.

Technically I believe you're covered if there is an accident because they were correct at the time they were installed.

I am unexpectedly getting into my first rental and was hoping for some feedback.

It is a great market to enter so long as you understand not just all the pros but the risks as well. ensure you have a solid team on the ground and plan for the unexpected. 

First, there a number of investment thesis' carried out by syndicators with unexpected headwinds, not solely betting on rates.  

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.