Obviously the closing costs, furnishing costs, and utilities all come to mind when first thinking about it but I was curious if anybody has ran into any other issues or unexpected expenses out of the gate.2) I am curious to know what you guys did for furnishing your rental units?

All new dual pane windows, plumbing, electrical, water heater & furnace. 10 mins to Skagit College, Burlington Outlets & the Mall!

@Gregory Allen Carter it wasn't completely unexpected.

The only thing I would add is expect the unexpected.

They advise a professional engineer inspects the crawl space. 4) Some minor electrical fixes such as new outlets and removal of abandoned wiring5) Handrail should be added to a staircase6) Water heater repair7) Small evidence of termite damage, though no current termites found in the home.8) New toilets9) New paintThis report is making me want to not do this deal.

Then once the tenant moves out you will have the cost of refreshing the unit/unexpected repairs and loss of rent.

Lot of ifs, and the attorneys will get paid to sort it out. Let

If you just plan on living for a year or 2 and want to live in a cool area, Deep Ellum, Las Colinas, Legacy area, M Streets, Knox/Henderson, are a few you should check out. Let

., I like to include a decent % variable expense to go towards big unexpected capex items- that way you are planning on building in reserves to handle these issue's ahead of time.

Plan for maintenance and cleaning: Consider hiring a cleaning service and a handyman or contractor to handle any repairs or upgrades.Lastly, be prepared for the unexpected: There are risks involved in short-term rentals.