Always have extra cash for the unexpected.

And not sure exactly what the expense per reservation you are being quoted for proper, but you could always just charge an extra fee to help cover the insurance cost.

Thus giving you an extra income and more business experience.And congrats on reaching your final year and capstone project!

(Duplex househack in North Jersey) I have 5% of the purchase price saved up + enough for closing costs, immediate repairs and reserves (roughly 5 months PITI).Since the market is so competitive right now I was considering getting funds gifted from a family member, to increase my down payment (an extra 10% to get to 15% combined down) so that my offer would be more competitive.

I added value by renovating the the back unit, and converting my garage into a studio for extra cash flow.

@Peter MorganHi Genny,It just occurred to me, are there any products that enhances balcony roofing sort of an extra projection like a baseball cap to ward off piling snow or rain water that falls directly into the balcony?

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Rent it out and then refinance the property and pay my FIL back everything he spent on the deal and hopefully pay him extra for funding the deal. 

Better to lose $250 than an extra months rent. 

For example, if you are looking to scale your portfolio with the BRRRR method but cant find deals that are discounted, could you do upgrades to the house (new front porch, kitchen, bathrooms, extra bedroom, finished garage/basement etc)?