The value is in verifying anything that looks out of sorts or otherwise unexpected, and then looking holistically to see how best to move forward.

After that I began to be contacted by local attorneys for various issues, an unexpected aspect of business and appeared on other cases.

Accidents do happen especially when working with something flammable.

So far, there's been this current health issue with his wife, before that he was away at a funeral, before that he was delayed because the handyman's wife had cancer, before that his wife had a car accident, before that it was just "sorry for the delay" with no explanation...

I never know what the market will do in the future and the longer you hold the better chance there is of something unexpected happening.

And it was by accident.

Will need to purchase kitchen cabinets for our personal home soon (Due to freak accident).

I did not see a statutory definition of "normal wear and tear" under Florida laws after only a very brief search, however the legal definition in Texas is:"Normal wear and tear" means deterioration that results from the intended use of a dwelling, breakage or malfunction due to age or deteriorated condition, but the term does not include deterioration that results from negligence, carelessness, accident, or abuse of the premises, equipment, or chattels by the tenant, by a member of the tenant's household, or by a guest or invitee of the tenant (Tex.

My response however is, don’t sweat the small stuff.If you’re going to be in the rehab business, or pretty much any business, you have to plan for and expect the unexpected.

Some rental markets are more volatile than others, some expenses may increase unexpectedly, you may decide to change the way you manage a building all of these can change your cash flow.Break even also allows you to understand at what level a property must perform in order to achieve a certain level of profit.I throw this out because it something that can be modeled and potentially be made available to members that might be interested.