Have done most residential RE items except commercial MF, new development, and sub-to.  

This could be huge, or something like the ADU legislation that came out in 2017 and then revamping in 2020 due to convoluted items that made the building very strict to almost nonexistent.The main reason ADUs are hard to get the best value for now is that the appraisals come in short (depending on the comps in the area of course).

If there is rot and its a more extensive of a job than merely replacing the window that will drive cost as well so you should seek a line item budget from the installers.  

So when you think of the income and basically less than 20k a year in Overhead thats a pretty nice business.. unless you count cloths and shoes as necessary items then things get a little wild !!!

Many buyers, especially first time buyers on low down programs, just don't have the financial capacity to deal with a major item.

Then I would still have to do additional work on kitchen,bathrooms, leak around chimney, garage doors, and other misc items.

We invest in the Indianapolis Indiana market and focus on properties around the $150,000 to $190,000 range that are older homes in good areas that have updated roof, HVAC, plumbing, windows and those type of higher cost items to make sure it has good bones.   

@Eric Lahoda, is it typical in your market to charge fees for those items separately?

In my state, we have to produce an itemized list of all expenses that came out of the deposit within 30 days of tenant moving out.  

The hard part is figuring out what you can easily delegate but that is true of most businesses (I was good at it when I worked for someone else, but not good at it for my own items but want to improve).