They didn't have quite enough cash to pay for a lot of the inspections that I asked for during negotiations so I came out with a large lump-sum of cash that the sellers paid out in order to cover any unexpected costs that might arise.

Sorry, everyone, this post was made by accident.

The first consideration, in my case, was that I could afford the first loan since the property I took the loan on for the downpayment was rented and would still cashflow even after I took that loan.The other consideration I made was ensuring that the new property I was acquiring would also at least break even with the monthly payment for its loan.The third consideration was that I had enough money saved not for the downpayment but for at least five months of payments on both properties in case I couldn't pay the loan in case of an emergency (you never know if the new property will rent immediately or when you will have unexpected costs associated with either property, etc.)All three considerations were very important to me, but for my peace of mind, number three was the deciding factor.With this strategy, it could seem that I am making less money since I am racking up new debt on the rental I owned to begin with, but the way I see it, the appreciation I will get in a few years and the actual cashflow that I am still getting were completely worth it.

The second is a growing desire to manage risk through owning better-quality assets where unexpected capital expenses are less likely.

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!

Creating Reserves: Guide property managers on the importance of establishing and maintaining financial reserves to cover unexpected expenses, thereby ensuring they are well-prepared to handle emergencies that may arise.

It's one thing to invest in a property, but quite another to pour more money into it unexpectedly.

From there, we subtract out our expected profit, scope of work from the contractor, closing costs on both the buy and sell side of the transaction including realtor commissions, any interest carrying costs, and a "reserve" for unexpected contingencies that might pop up.

Heads in beds means more people, more damage, more cleaning, more potential accidents, etc...So make sure that the final NET proceeds really do justify the more heads the better mindset....

Some people put them up and flush them out, other people leave a space either by designer by accident. but I agree with scott, pavers have a way better look feel and ambience.