You could require the tenant carry pet insurance on their animal. 

When I run numbers on a property I also include carrying costs (mortgage payment, property taxes, insurance, electricity, water, garbage, HOA, etc assuming 6 months turn around for a flip (from purchase to closing) and then I include 6% of ARV for realtor fees.

Did you have to carry the mortgage payments for a few months?  

The good news is that it's like a big credit card so you only pay interest on the amount of debt carried.

@Ryan Carr  I would furnish just like you would an AirBnb property.

@Carrie Herring why wouldn’t you fix it and run an AirBnB out of it?

It was a seller finance 4plex deal with similar terms as an FHA loan (that was the basis of the seller carry negotiation) and they made 10X on their investment.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

I would figure another $15K-$20K for carrying (taxes, interest) and closing costs, excluding sales commissions.I know this is dependent on the individual but what is your hurdle return on a standard fix and flip?

Do you have the required funds on hand or with a seller carry to take to the closing table?