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@Joshua Lanzieri when renovating older properties there are almost always negative surprises.Go watch any HGTV renovation show and most of them will have this as a cliff-hanger, forcing the choice of either going over budget or cutting back elsewhere.10% overruns happen often, but 50% is NOT acceptable!

In either case use the contract to create some built in relief - a longer than usual closing period or due diligence period, or finance contingency.  

Tax-deferred strategies like 1031 exchanges and refinancing allow further tax-efficient wealth building.This post does not create a CPA-Client relationship.

Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

Get a new loan only for the equity created by this rehab?

Would you like to manage the property yourself, have an assistant do it for you, or have a management company do it for you?

We decided to lower the price and hopefully that’ll create some traction. 

We have a shortage of qualified applicants and conventional renters, which was created over Covid 19.

These two demographics are projected to be long term renters which will help keep vacancy rates low for years to come.In recent years, Pittsburgh has become a tech hub in its own right, attempting to create a dynamic job market similar to Silicon Valley.