Just be sure and keep a good amount of reserves for any unexpected costs or repairs.

. :) I have completed 30 renovations the last 2 years (during covid) and from a distance and I had plenty of set backs & issues, real estate isn't perfect, expect the unexpected & stay organized and pick the right people.

Before covid, my GC said he thought a 4-5 month build was possible, but said 6 for unexpected delays.

We had nothing unexpected, but were prepared to find contractors for anything that we didn’t feel comfortable rerouting ourselves.

It will never get done if you pay by the hour.There will be unexpected expenses.

If they ask, tell them the first choice had an unexpected situation that changed their finances. 

There are MANY MANY things (expected & UNEXPECTED) you are going to experience in your first investment.

If there is a unexpected move for work related purposes, you may potentially be able to exclude some or all of your gain upon sale.Something to consider speaking to your CPA about.

I literally closed the week before my contract ended unexpectedly.

That's prudent for any rental, but maybe needs a little more here to deal with unexpected issues with the roof.Keep us posted on how it turns out.Larry