When you say "those" are you also referring to the unexpected repairs?

Any additional info about your experience with a recent conversion, unexpected cost, and potential timelines you would like to share would also be greatly welcomed!

Managing it from a distance, even with family and military commitments, might have some challenges like property management fees and unexpected repairs, but there are ways to make it work.

First, that even though I know the market well and I have worked in the real estate brokerage business for more than 10 years, I learned that there are unexpected variables that an investment can have.

It's crucial to conduct thorough research, consult with local professionals, and be prepared for unexpected expenses.If you're uncertain about specific local regulations or tax implications, consider consulting with a real estate professional, accountant, or attorney who can provide guidance based on your unique situation and the local market conditions.

I have been in cash since the Great Recession where my lender on a commercial property completely and unexpectedly called my loan in 2009.

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.

While some of the condos do also see special assessments, you can also see large unexpected expenses with a single family home. 

And notice how the common expression is one of delight when they hear a "yes", because it is more rare in start-up. 

The investment game is all just math—if you do the math well (which includes accounting for the unexpected by low-balling your estimates) then your investment decisions don't have to be stressful emotional ones, they're just decisions that are either smart or not smart after you break them down on a calculator.Which extends to the last point that I've come to believe completely—your rental portfolio is a business.