Failure to properly fund reserves will ALWAYS lead to "unexpected" Special Assessments and/or monthly fee increases.

Good luck with your city rolling that out let alone enforcing not having a permit

I hope to exceed my pro forma and will be disappointed with my pro forma if I underperform it without a huge unexpected event (such as the Great Recession).  

Many investors, new and experiences alike, do very well finding fix and flip loans to get going, but fail to plan ahead for the perm loan and run into all kinds of unexpected issues. 

In the meantime, I plan to keep a portion of my savings in place when I purchase something so it is available for those unexpected expenses.

If you have an unexpected vacancy, repair bill or legal expenses to deal with, it could become a source of unnecessary mental and financial stress.

Goal is to cash out refi at the end and pull all my equity back out Let me know if you’d like to connect.

The same company HotSpot Energy has heat recovery units that can heat domestic hot water.One trick I learned when I did it though was to return the heated water from the heat recovery unit through a tube that extended down about 6 inches or so into the tank through another port in the top of the hot water heater instead of injecting it into the normal hot water heater outlet pipe.  

This can result in a lower risk of unexpected repair costs or issues that could arise with an older, flipped property.Economic Incentives: In a recession, there may be government incentives for building new construction, such as tax credits or low-interest loans.

Regardless, ensure you have the funds in case one of your properties suddenly needs a significant repair or if you have an unexpected vacancy.REVIEW AND ANALYZE YOUR MONTHLY CASH FLOWS.