They are like a back-up or an extra on top of where the liability portion of your auto or home insurance are not enough.

I know that what I could cash out and use for 2 more properties to cash flow an extra $900 or so per month makes sense on paper, but it just sounds like way too much!

. - over last 2 months property manager has made about $750 extra payment while I have lost about $2000 unexpected losses and it’s all a result of the property managers decisions.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

I just purchased a 4 unit property which clearly had massive foundation damage which cost an extra $40,000 to fix.

I suspect one of them is about adding a section (extra rooms, bathroom, extension to the basement) to the property (there is no description on the OPRA report, I plan to call the town to confirm).

But if you plan to finish it then rent it, you would just be looking at that as added square footage, an extra bedroom or two and bathroom, which should rent for more.

also if we were to make only but a few extra payments every few years from now we'd pay off that extra interest and shorten the loan life to account for the added costs...with todays rates etc thoughts on this approach?

For example, if you are doing a BRRRR (Buy Rehab Rent Refinance Repeat), then taking an extra month to complete means that you lose 1 months rent which might be another $1200!

Tips my hat to all the Oregon landlords.Oregon is supposed to have a landlord compensation fund - hopefully some landlords receive their deserved money through that means.