No amount of experience will prevent that.If you're not prepared for a $30,000 rehab over budget, either don't do the deal or do the deal with someone who can manage the rehab, bring in some skin in the game and will get a portion of the cashflow and the profit when you exit/sell the property.

If I do decide to sell, are there any ways to prevent/delay the gains from being taxed, if rolled into another property, or something.

Sure, it's unlikely to be A class property, but as long as it has been renovated and the major systems (foundation, roof, HVAC, etc.) are in good shape, it wouldn't prevent me from pulling the trigger.

@Tony Castronovo @Vijaianand Thirunageswaram @Michael EalyIn case you weren't aware, legislation will be passed in Texas later this year that is aimed at preventing this type of deals.

Please DM me for his number, I'm prevented from posting it here.Tell him I sent ya. 

Fighting over the Earnest Money could tie up your property in litigation (worst case) and prevent you from Selling while things are being settled. 

It has not happened yet, but as a property manager, maybe I would offer to aid in finding better tenants at a higher rent for the other owner.That said, I wouldn't be opposed to checking it out to see if smells are passing through the walls, crawl space, attic, vents, etc... and doing anything found to be in need to prevent this, that is also reasonably cost effective.

I would say this, Colorado is light years ahead of other states with regards to properly managing storm water run-off so as to prevent flooding and protect water quality.

The burden of proof is on us, so if someone says I'm related to her, it gets into difficult territory," said Joan LaGuardia of Lee County Code Enforcement.In Charlotte County there's no law preventing overcrowding.Cape Coral didn't have a law against it until we started asking questions.

Lead Forms - Here you can use the lead form ad format that has the form on Facebook and prevents the users from having to leave Facebook to become a lead.