I'm investigating replacement properties in anticipation of doing a 1031 out of our current property.  

@Quang Vu I'm not in your market but am interested to year what you end up getting for rent or what you are anticipating for rent at these properties?

Timeline ran longer than we anticipated due to conflicts with contractors, but the delay allowed for the subdivision, which helped increase profits.

While you will save more money using your own cash + HELOC, you may also need more cash for holding costs and in case your rehab scope of work is higher than anticipated.

A cosmetic update turns into a structural issue, a quick flooring swap reveals a slab problem, or a “light rehab” suddenly involves permits and systems you didn’t expect to touch.I’m curious to hear from the community — what’s one renovation or repair that looked straightforward at first but ended up being far more complicated, expensive, or time-consuming than you anticipated?

The due diligence on mixed use will reveal anticipated Capex expenses for near- mid and long term that could (likely will) impact your calculations.   

Crunch your numbers with worst case scenario rents…in case you end up not getting your anticipated numbers

It appears that NC does not require HOA/Condo Communities to maintain a specific "Reserve Fund" to cover statistically anticipated major repairs or replacement of essentially every one of the Common Elements.What does that mean for you?

The pressure is already bleeding across it.Economists surveyed by Bloomberg have pushed the Fed's next expected rate cut to June, with two quarter-point reductions still anticipated by year-end.

I love the idea of using the increased cash flow as a reserve for contigency planning for anticipated mortgage payments or repairs.