Most of that, including the major items such as HVAC and roofs on several units, will be addressable in the first 6-12 months.The tenants are another valid concern.  

@Kathryn M, this is one of the items I wanted to get additional information. 

What are some essential items that a home warranty should cover?

They lodge a complaint about any little thing & are rewarded with a monetary item, typically a comped meal or gift card.

I'm picking out the furnishings of my first rental and I've received some mixed feedback from other investors on a few items.

However, I have a whole addendum of line items that I add to my lease as a result of experience from many different tenants. 

Hi All,One issue of contention over the years I've found is tenants using the hallways as personal storage.Typically when I leave a note/ ask the items do not leave or return eventually.

Net profit $28k.I happen to love condos/townhomes because I am not responsible for exterior items such as roof, siding, landscaping, etc. they also require very minimal investments and minimal risk exposure.

This is an issue that is hammered out between the lawyers.In CT any security deposits are transferred to the new owner, there is a line item on the closing statement for this.

., 11/01/2018), so we are only at the beginning stages of our mechanical and electrical renovation process, but have already been able to eliminate certain recurring operating expense items that were unnecessary and provided no incremental benefit to the property from being incurred.