I pride myself on being self-reliant and for having the ability to live comfortably in uncomfortable circumstances.

We did this, and it turned out very well, but it was unique circumstances.

You'd only need an ID if you have some specific style or unique circumstance you were going for.

Given complicated life / family circumstances at the time, the decision to purchase was rather hasty and now trying to make sure future decisions are well thought out.  

Ask questions here on the forums about the areas you don't understand.I don't think you want to focus on efficiency in this circumstance.

I closed a manufactured home on a half acre with buyers earlier this year with what sounds like a similar circumstance (if it's the document side you need).  

In a typical rehab, we'll 5-10% buffer for unforeseen things.

Our circumstances changed, and we will now be moving out of state (Minneapolis) and based on the numbers below, would love to hear from some experienced members what they would do:-Purchase Price: $800,000-Current Amount Owed: $700,000 (bought building for 10% down, paid down about $20K in principle)-Total Rental Income: $4,700/month (there is some room for increase, could get $5,000 with rent increases)Monthly P&I + Taxes: $5,700/month (I took a pretty serious property tax increase this year which increased my monthly payment $500/month.We didn’t plan on purchasing this building as a long term hold (obvious since it doesn’t cash flow) but we were going to take what, at the time, was a $500/month hit while we renovated the building.

You can possibly qualify for a partial exclusion if you had a valid unforeseen reason to sell after only 3 months, such as health, divorce or job change.

Now, my question is for those of you who are experienced in deal analysis generally how do determine the amount of rent collected per unit that you set aside as a reserve for Cap Ex, emergency repairs and other unforeseen costs?