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You will more than make up for the cost with the money you save on the very first rehab. It’s critical to have a highly experienced partner on your side that can walk you through the process, that you can lean on anytime.

This isn’t to say that FCF, itself, is not without problems. If a company refuses to replace aging equipment, free cash flow can be overstated. Of course, once the equipment is replaced, cash flow may take a violent dive. This, by itself, is a red flag indicating potential danger.