First of all, I love the morality component of it.

I just worry about some worst case scenario where a tree falls on the property or the property unexpectedly floods 

Reserves: Do you have enough cash reserves to handle unexpected costs or delays in refinancing?

Quick overview of our firm is three components.

Repairs ($5k): Increase to $10k for unexpected issues in a 4,000+ sq. ft. property.Total reno costs will likely fall between $180k-$210k, not $145k.

It feels like there’s always a surprise—whether it’s skyrocketing material prices or finding something unexpected during the demo—that eats into the budget and profits.I know there’s always more to learn, so I’m curious—how do you approach rehab budgeting?

In my market, almost all sellers are still offering buyer compensation so you could hire an agent hourly, pay them, and then the seller will also pay them comp on your behalf so it doesn't really make any sense to do and no good agents will do this in my opinion.

I think new investors heavily overlook the skill component needed to successfully pull off a renovation to then rent out properly.

But during the buyer’s due diligence, several unexpected issues surfaced, each cutting deeper into the profit I had worked years to earn.The first issue was with the water lines.

Aside from downpayment, you want to have a solid emergency fund in place, something that can cover unexpected repairs, vacancies, or any other random costs that pop up.I’d also recommend saving more than you think you'll need and keeping a close eye on your expenses.