Exit strategy for buy and hold

[Rob Smith]

What do you do with your rental properties when the roof, AC, and other major component start failing on a long term 30 year loan, buy and hold real estate investing. I'm looking for exit strategy advice on this scenario. I started buying SFR properties when I was 36, I am now 44 , and have 4 homes with loans. I am hope to have 15 -20 of these free and clear by the time I'm 55 or 60 then have that rental income as my retirement money but I'm not sure what to do once the homes start needing major repairs I also want to keep these homes and teach my kids how to manage and run them and pass them down to there kids.

Any tips and advice would be appreciated thanks