I used a business credit card to pay for a new roof and will use it going forward for all repairs and replacements of items. 

All that I have to do is either type my name or the business name into a search engine, and on the first page of the search I have a hit with the LLC and my name on it.

My hunch is you won’t find a replacement investment in this market that is much better than what you have, especially if you are looking to redeploy $500k+ equity.

I like my job and am not looking to replace my W2.

I am having a sewer line repair company come out and give estimate to repair vs replace. 

I'd rather replace a $1200 water heater for a $2000 rent than $800 rent.

Only those that legally existed prior to new Codes can be maintained, replaced, etc.

Hey Ram, I'd agree with David, I think you'd like to include a few more expenses like ongoing repairs, trash and replacement costs, plus add in something for vacancy and bad debt, plus add in closing costs. 

Even a typical water heat replacement would set you back signficantly.There's plenty to the puzzle that i am unaware of but with what you've outlined here i would consider passing on the property.you know you need managementyou know you need to remove at least one tenantyou know cashflow is meager after considering management.i personally wouldn't recommend a client take on the risk for such a paltry pay out out of state.Even when considering long term appreciation the average amount of headache one assumes with a property will bog you down before the long term play pays off.

They will likely also need to close any access points to satisfy city inspectors that the now capped chimney cannot be used to "vent" anything in the future.You will likely want a demo team that is much cheaper to do the actual demo and haul off, but you need either the mason or an engineer to stipulate how far down they can/should demo, while leaving enough room for the cap to be effective and maintain any structural rigidity into the future to not create more issues.Long story longer, I would call more licensed, insured contractors.