Any unexpected challenges you ran into?

There is also Mr Murphy to consider, there will ALWAYS be some unexpected occurences.....When I was flipping FT I got asked what it was like, and best term I could find is it's the most exciting misery of stress, anxiety and frustration one will ever celebrate, lol. 

Asset Protection:Real estate can be rewarding, but it comes with its share of risks - lawsuits, property liabilities, and unexpected creditor issues, to name a few.

there are so many forum threads on BP by folks who bought a random property in a so-called "lower cost" or "cash flow" market, and got immediately, totally crushed by deferred maintenance, rough turnovers, and other unexpected costs and just started losing money. 

These things don’t have to be deal breakers, but they can add unexpected costs if you're not budgeting for them upfront.How old is too old really depends on condition and how well the property has been maintained or updated over time. 

The more info you provide upfront, the less confusion you'll have later, leading to better guest experiences and fewer issues.Trustworthy and consistent cleaners and maintenance people are essential, as you'll want the property always looking its best for guests.As you’ll soon find, there are always new challenges, whether it’s an unexpected maintenance issue, guest concerns, or a change in local regulations. 

My advice would be to make sure you have reserves set aside for unexpected expenses after closing.

Never just guess at reno costs in NYC — the unexpected can kill your budget fast.If you want, I can also help you run a rough offer formula based on after-repair value, renovation estimates, and the rental income you’re targeting.

Being out of state means you need to be extra prepared for unexpected repairs, turnovers, or vacancies.You’re doing all the right things.

Being out of state means you need to be extra prepared for unexpected repairs, turnovers, or vacancies.You’re doing all the right things.