What went wrong was that we ran into a ton of unexpected repairs that we had to make after we already already completed the house.

Hello all I am currently thinking about finally starting my real estate portfolio, I was in a car accident over a year ago and was given a pretty good settlement amount to the point where I want to invest my money into something that can give me equity and cash flow.

Sometimes important documents can be inadvertently stored in unexpected places.Consult legal advice: If you have exhausted all avenues and still cannot locate the lease, it may be beneficial to consult with a legal professional who specializes in real estate law.

You must have disconnected from the profile by accident.

I would like to ask anyone that's experienced with investing, what's the biggest mistake you've ever made or what was the worst unexpected incident that derailed your plans.Thank you for everyone that is willing to share.

Found unexpecteds during the inspection. 

It was one nightmare scenario after another for him: bad tenants, scammy salespeople, inept/corrupt property managers, consistent monthly losses due to unexpected cap-ex, higher than anticipated management fees, maintenance and repairs, turnovers/evictions/tenant issues, etc.

I know the rehab part consists of getting a quality contractor, deciding what will add more value, the need to make the property a functional place to live in while not overspending, and brace myself for unexpected issues.

With multiple properties I don't feel it necessary to set aside a specific amount for each property, but do keep some cash ready to cover anything that might come up that is unexpected.

There will be unexpected things pop-up, but take it with stride and keep moving forward.