Maybe their tenants aren’t great, maybe they are past due rent, maybe the house needs a new roof and new heating system.

It provides a roof over your head.It pays off a mortgage. 

I went ahead and installed a new roof on the place as it was badly needed and with me leaving the country, I didn’t want to have to worry about it.

Some major items include:  replace roof,  update certain parts of siding,  replace existing carpet/laminate, reglaze bathrooms, kitchen countertop. 

The offset was 3 inches at the roof due to this damage. 

ahhh yes more policy to make it tougher on landlords...who by the way delayed instant gratification to save up to invest their hard earned money into a property in order to provide a roof for someone, who in turn doesn't want to (some can't) delay instant gratification, all with the goal of earning a little return for investing.  

You will always need a permit for foundation, roofing, elec rough and final, plumbing rough and final and demo. 

- supply estimation from foundation repair company for 10k or more (pretty common foundation issues in DFW)-supply estimation for roof repair (15k)Would these repairs be considered by the appraisal board or are repairs not considered?

For example, if the roof is 30 years old and has not been replaced, 5% cap ex is REALLY low and you have to increase your number.

What happens if interest rates go through the roof?