“If you are looking to stay in this game for years to come, unexpected events like this are going to come up once in a while.

Be sure to get multiple quotes from contractors and get a detailed breakdown of costs before starting any work.It’s also important to factor in contingencies for unexpected expenses, and always consider the After Repair Value (ARV) of the property to ensure that the renovation costs are in proportion with the potential return on the investment.

@Jaime Osuna Whichever way you decide...keep a bit of a buffer and some grit to deal with unexpected issues. 

You have several generations of systems and components in there so lots may be newish.That age is more common than not over here…but definitely get used to hearing some version of…” I don’t know why the hell they did it this way, now we have to…”

Also watch out for unexpected expenses, bad tenants, property repairs, inspection fees.

We have recently added an education component where we bring in speakers to talk about things of interest to Airbnb investors, like how to furnish and state your vacation rental, what to do in the off season, how to invest in opportunity zones, and next month, how to organize your business to mitigate taxes and liability.We also have a WhatsApp group for members to share news and regulation updates, and pass along booking leads (e.g.

Been busy with other real estate projects, but I'll get to it soon.I wonder if I can transfer property from a self directed ROTH IRA to a solo 401K with ROTH component?

Second point is to avoid expensive and unexpected repairs.

I estimate project costs on multi million dollar infrastructure jobs and have had to do life cycle component stuff for financial advisors and insurance companies for some of our clients.

Analyzing the deal means understanding cost of repair and accounting for unexpected costs.