Its all non profit/volunteers so just other people trying to figure it all out. Let

Market volatility, problematic tenants, and unexpected maintenance issues can impact profitability.

I expect the rehab will only take about a month so I will post how it all turns out. Let

I avoid turnovers in fall/winter as much as possible, so I've done 15- or 18-month leases when something unexpectedly opens up Oct-Feb.  

Ensure you have a buffer for unexpected costs.Risk Assessment: Identify and evaluate potential risks such as market volatility, changes in interest rates, tenant turnover, and property damage.

What are some unexpected costs?

Last year, I had to unexpectedly remodel a unit after a tenant trashed it but it led to me meeting an amazing contractor who I will be working with on future projects. 

So, they look for habitability issues as well as safety issues like detectors, handrails, GFCI outlets, etc.

If these repairs are left to the tenants and they fail to carry them out, it could potentially lead to a decrease in your property’s value.Here are a few:Structural Repairs: This includes repairs to the walls, roof, and foundation of the property.Plumbing: Any issues with the property’s plumbing system, such as leaks or blockages, are usually the landlord’s responsibility.Electrical Systems: This includes wiring, circuit breakers, and outlets.

The subtle differences between terms like “remove,” “replace,” and “installation of new” can indeed lead to unexpected outcomes.I use a detailed excel spreadsheet to clarify expectations I'd have no problem sharing I use with all my clients that I perform work for.