However, insurance is limited because it only protects you from one type of liability: accidents/negligence.

The subtle differences between terms like “remove,” “replace,” and “installation of new” can indeed lead to unexpected outcomes.I use a detailed excel spreadsheet to clarify expectations I'd have no problem sharing I use with all my clients that I perform work for.

In an unexpected turn of events, the U.S. commercial real estate (CRE) market has seen a significant uptick in foreclosures, with a 17% increase reported in January.

Attend real estate investment seminars, workshops, or meetups to expand your network and learn from experienced investors.Risk Management: Real estate investing comes with inherent risks, so it's essential to manage risks effectively by conducting due diligence, having contingency plans, and being prepared for unexpected challenges.I hope it helps :)

There are also unexpected costs and repairs that you need to factor in.

It doesn't sound like he's tried to take advantage of you, it's just that the deal panned out in an unexpected way. 

I know your maintenance costs and CapEx will likely be less with a new build property but you should be prepared just in case you have a hot water heater go out or something else unexpected go wrong.

You have to be ready for setbacks (and a lot of them) along the way: be it lost shipments, faulty products or unexpected costs. 

I really enjoy the property manager, they're getting 4.9 reviews for it and their team is great to work with.But I’ve only had a handful of profitable months, most of the time I’ve been paying either the mortgage myself or unexpected cleaning & maintenance bills, and my savings has run to zero, so it’s a big loss so far.

But I started the DSCR brokering stuff by accident, truthfully.