Signed the papers, mailed in my money, and I was now the proud owner-to-be. . .but there were unexpected obstacles.The foreclosed owner remained in the property.

If you are hurt in an accident, you don't go to a real estate attorney for advice, you would go to a personal injury lawyer.

Major unexpected repairs meant we only had enough money to fix one unit in 2023, but I anticipate finishing renovations on the second unit by Summer 2024. 

I put together a comprehensive protection strategy for my investor which keeps him safe in the event of an accident onsite or bad acting renters.

Work your way into renovations slowly because you can run into huge unexpected costs. 

What most newbie doesn't understand is:- Reality of business operation vs Forecast/Projection- Understanding X number without context is meaningless, trend is more important.Even with DSCR projection of 1.3x ; their reality later would be 1.15x only when all bills and unexpected bill arrives.

By understanding the significance of renters insurance, tenants can ensure that they are adequately prepared for any unexpected events that may arise, providing them with the security they need to confidently enjoy their living space.Certainly!

You may find some unexpected expenses when you open up the walls. 

I would also assume you would typically have less to worry about in terms of unexpected budget surprises compared to a rehab, so it’s a bit cleaner when you project numbers than for a rehabber. 

Were there any unexpected hurdles or surprises that you encountered?