I did have a family emergency that took me out of office unexpectedly, and caused me to lack follow up for a couple weeks. 

I built a nice custom a few years ago before lumber went nuts and other componants in Charleston sc historic district 2200sq ft  no garage  cost 1mil  to build plus soft costs plus 500k for the lots so in it 1.6  sold 2.2  so i get the nice spreads.right now in Oregon our semi custom product homes are costing about 150 a foot.. to 180 a foot.. to buildand in florida were we are building dingers those are running 100 to 120 a foot and used to be 80 2 years ago.and you know how cheap they build in Texas and OKC.. starter houses.  

. $30k can turn into $8k or 0 really fast - whether that is due to unexpected costs - especially on an 1875 vintage home - or your ARV estimate being off.

What are some unexpected challenges you've faced?

From what I've gathered the properties will not begin to cash flow significantly better, you are in a market that cannot easily absorb unexpected capital expenditures (greater risk to you in the future) and the principal paydown is pretty meaningless for a while.

The electric range is deeper than you think and has electrical components underneath. 

Florida is really competitive with short-term rentals and I've heard many stories of people diving into the market over the past few years only to find it difficult to cash flow with unexpected costs, rising interest and insurance rates, higher price points. 

These expenses can include property acquisitions, development costs, or unexpected repairs.

Let’s dive into it.Potential consequences of working with an unqualified firm:Missed opportunities: Firms that are inexperienced may overlook numerous components that are eligible to be reclassified as they lack the knowledge or don’t perform a thorough analysis.This reduces the amount of potential deductions which also reduces your potential tax savings!

Moreover, during the inspection process, we discovered an unexpected basement space, adding further value to the property.How did you finance this deal?