Third, let's think about how to prevent problems like this when working with contractors and when the cards are in your favor and allow you to dictate terms of the engagement - this may or may not apply to the current situation, depending on the financial pain you are feeling and pressure to finish the job.

A lot of people have the understanding that as the fed increases rates it creates upward & downward pressure on the market as a whole.

So I took that pressure away from them. 

Hi everyone.My first time writing a post here in BP, Im from Chile (South America).I need some help on my BRRRR because i got stuck in latelly change of conditions.I auction a condo on december 2020. I pay (all in) ar...

RE is going to apply a lot of pressure and stress into your life in general if you are involved in the operation on a day-to-day basis.

It's best to speak with a broker about your particular financial situation to gauge what you can afford. 

This would obviously have me finding a new cleaner, but it would give me time to evaluate their work without the pressure of quick turnarounds and extreme urgency.

Since you have 100% equity in it, you can get a HELOC for 80% of the value of the property to give you almost $300K to work with for future properties.If it were me, I would: 1) Start the HELOC process now on the rental to see what rates you can get and 2) Complete the renovation on your primary residence and gauge the market in December 2022.

Also when people hear feds are gonna raise rates again another round of buyers will feel pressured. 

It might even help gauge how knowledgeable your “expert” is as well.