Replace roof and HVAC?

[Dan Frehmeyer]

I am currently rehabbing my primary at the moment with plans to rent out this fall. I am doing mostly cosmetic fixes to a SFH currently.

I am looking for thoughts on whether I should be proactive with replacing a 20yr+ old roof (missing shingles, multiple layers, looks terrible) and a 25yr+ old hvac. The water heater was replaced a few months ago.

I have access to very cheap money so my thought is to be proactive with those major expenses before I turn it into a rental. The property will still cash flow with the extra cost of these expenses. Additionally, the house will likely appraise very favorably after as well with a cash out refi a big possibility

Thoughts?