The real cash drain hides in your operating expenses (OpEx): repairs and maintenance, reserves, utilities, pest control, legal fees, property management, HOA dues, and unexpected turns like a broken HVAC or a non-paying tenant.Ignoring these costs is one of the main reasons rookies bleed cash after their first deal.

This is a call for help to any flippers/rehabbers with experience in rodent infestations.

Note that you may also have to share some responsibility (and give up some control) for shared amenities such as the roof, pest control, landscaping, parking, etc with the onwer of the other side. 

Trim expenses fast with vendor rebids and preventive pest plan.

For Delco, I’d recommend checking out Concise Pest Control or Delco Pest & Termite they both specialize in bed bugs

He had followed the 1% rule and bought Section 8 properties in crime-ridden, drug-infested part of town and then wondered why he wasn't doing well.The 1% rule may have hurt more people than it helped.

Also the percentages are good but the dollars are what counts and a new roof, deck, subfloor, refer, AC unit, furnace, frozen pipes, infestation, broken water or sewer line, delinquent tenant, etc and it all goes sideways and you are upside down.Those homes are nice but older... 

There were rat/pest infestation we discovered after moved out and we essentially spent $50k to completely redo the property plus wildlife mitigation and treatment.

Budget for pest control (termites, roaches, mosquitoes) as ongoing Florida expenses—expect $50-100/month.

We capture them through the squeeze page that is built into the software by advertising on Craigslist, or sending direct mail to service type companies like lawn maintenance, pest control, mobile computer repair, etc.