That 10% gives me a cushion in case I use more hardware than anticipated or mis-cut some lumber.  

I am anticipating vacancies at that point I will rehab the units to value-add. 

Anticipating the NOI is a good way to consider the risks of investing in properties, but would not be a surefire way to get a complete total of income.

My guess is cap rates have dropped, their expenses are lower than you anticipated, OR they're not serious about selling and just throwing a high # out there.All the best!

Color me slightly more surprised than I had anticipated

@Juan Ramos Where are you planning on building the fourplex and what are you anticipating the rents to be after completion of the project? 

I am currently doing flips in 43613 and in 43616 (Oregon) and am anticipating pretty good numbers on them both. 

Most people in this market do not anticipate cash flow on their first house hack deal. 

My question is if you can find the right deal and rehab it while increasing the equity in the house through the rehab... can you still refinance and take out your initial down payment out for the next one if the appraisal comes back where you anticipate it would be.Thanks,Ryan

I don't anticipate much appreciation in the coming years.