So someone who is looking purely to maximize potential return (and has unlimited time) is unlikely to find this a good fit.

For example, if you were rehabbing an old house with plaster walls, the insurer might spec them to be replaced with drywall and base their payout on that BUT the public adjuster digs into all those details and makes them payout based on plaster because that is what is there originally.

Plus, replacement parts are easy to source if needed.CB2/West Elm (Sales Section): Higher-end, but you can score deals on durable, modern furniture during sales.Local Furniture Stores or Liquidators: Sometimes you can find high-quality, durable items at reduced prices, especially in stores that cater to hotels or corporate rentals.Second-Hand/Consignment Stores: Gently used pieces, particularly mid-century modern, can be very durable and unique.I do NOT recommend Wayfair as I ordered from them and the furniture came back damaged and low quality.

The county tells me I could add up to 3 ADU's, one in the basement (at the same time as replacing the foundation) and two detached ADU's.Adding any number of ADU's has the potential to double my current cash flow.  

They may not like the color or brand so in their mind it needs replacing.

Having encountered bandwidth difficulty with our accounting firm and CPA, we replaced them with a national company with capacity to handle our ever-growing portfolio.

Ross:Here are my thoughts:1) "As is" basically says to me they do not intend to give a discount because you suddenly realized the roof needs replacing. 

Flipping contracts won’t exist - it will be replaced by “wholesaler” obtaining an OPTION to purchase at a set price and selling the option.3.

Replaced the water softener.

i.e. deductible for a roof replacement or replacing an HVAC unit or replacing a hot water heater?