There's a lot of risk with this rehab budget because we're dealing with the building mechanicals and an unexpected $25K expense throws off the numbers of the deal.

Be sure to factor in a vacancy rate in your financial analysis to account for this risk.Maintenance and repair costs: While it's good that the HOA covers some maintenance and repair costs, you should still be prepared for unexpected expenses that may arise.

You sell the floors, buy other material to support this kind of flooring or put the floors in another house you own(which I assume he has already thought of given he's mentioned his portfolio).My point is to just buy another house just to fit floors you accidently bought is asinine.

If anything goes sideways like an unexpected large maintenance expense, unexpected vacancy, tenant stops paying, etc. you could find yourself in a pinch real quick.Agree with save up some money for reserves first, then for the down payment and look for your next deal.

Also, and this was an unexpected relief as my company almost bought a booth...the exibition hall of vendors was pathetic in terms of scope and size.

It's not like an accident happened and I'm nailing them with some fee because of it.

It also had requirements for reporting any injuries in the event of an accident.

But, for anyone getting into real estate, asset protection is important when you understand that insurance only covers you from one type of liability - accidents.

Both rates are under 4%. 18 mo 0% card standing by for finishes.An unexpected mold issue may eat all my profits but I remain hopeful for even a small return and knowledge gained will qualify as a win.  

BOTH, trust me, both.I had my stuff in just my name, and not the best insurance policy and it has came back to bite me in the *** for an unexpected accident.