If you're mentally and financially prepared for that, you will be ok.If the rent range in your area is $1200-$1400, then run the numbers as if the property will always rent for $1200.If the property management fees in your area range from 6-8%, run the numbers at 8%.If you think repairs and maintenance will amount to $100 per month, set aside $150 per month.Having some disciplines like this will keep you sane and allow you to continue to scale instead of get burned.

.), depreciation, amortization, interest payments and any personal expenses paid by the company (car & gas for personal use, health insurance, life insurance, etc). 

I was in the same situation mentally when I decided to go see Ricky speak live.

My wife is expanding her Clinical Mental Health Counseling business and I am looking to purchase an office area in downtown Orlando. 

The following issues are with the main house tenants.I have experienced signifcant health issues over the past few months and need to sell.

Then you have to add the cost of moving around, storage, private health insurance, etc. 

Louis -https://fred.stlouisfed.org/series/CSUSHPINSAConsumer Financial Protection Bureau -https://www.consumerfinance.gov/coronavirus/cares-act-mortgage-forbearance-what-you-need-know/Bankrate -https://www.bankrate.com/mortgages/federal-reserve-and-mortgage-ratesNational Association of Realtors -https://www.nar.realtor/sites/default/files/documents/2020-05-11-nar-flash-survey-economic-pulse-05-14-2020.pdf Forbes -https://www.forbes.com/sites/alyyale/2020/04/17/buying-a-home-during-the-pandemic-dont-expect-your-everyday-home-purchase/#fadad3d33b0cWashington Post -https://www.washingtonpost.com/health/2020/04/21/coronavirus-secondwave-cdcdirector/

You should do the following to reduce your taxes1) Keep track of your expenses - Amounts paid for RE Taxes, insurance, rehabs, travel costs, materials, etc2) You will want to see if you can deduct other items such as health insurance and have an alternative retirement account plan3) See if it possible to buy long-term rentals and then be able to offset income from flipping with losses from rentalsbest of luck

I selected a specific area in Houston, bought a crap house for $75K when EVERYONE told me it was a bad deal and my interest was double digits (which sucked but I didn't plan at all and my only option was owner financing), did as much of the Reno I could myself (around $25K or so, stopped at HVAC, roof, foundation, etc) rented it out for 5 years, made over $100K doing so, and then I was ready to put another $60K into it to quadruple the purchase price but my health deteriorated and I sold it (for double what I paid).  

If I would have had that mentality I would have double the properties I do now.