ALWAYS consider common sense repairs before making a choice to demo and replace anything.

My replacement property was found in the first week of August-2024 and closed on the 26th of August.I was already talking to my agent for the relinquished property months before to plan this out.

Water heaters need replacing, bank errors occur, tenants move out, real estate bubbles happen, etc. 

She states minor work is needed: covers for a couple of outlets, kitchen refresh, cracked window to be replaced.

If the tenant identifies an area of moisture that may be causing growth we immediately address the source of the moisture, replace and damage building material (usually dry wall) and or use mold cleaning solutions/mold blocking primers as required. good luck

My style of investing is take my time and buy properties in good shape, or if the property needs anything that I think will be a problem, I will go ahead and fix or replace before I rent it.

They installed bidets without my permission and created plumbing issues so I had to pay for a plumber to come out several times, I've had to replace a frontdoor knob and deadbolt last month even after we rekeyed the home prior to them moving in, the garbage disposal blades were jammed so had to call a handyman, repaired a broken window which my property manager claims was broken prior to them moving in even though the repair was made 3 months after they moved in.

Add another 10 units puts you closer to your goal.I wouldn't worry too much about the $15,000 initially, and focus more on adding doors.  10 years is a lot of time to raise rents and replace your income.  12 units by the end of this year puts you at 16% of reaching your goal.  

Long terms more cashflow to replace my W2.  

He wants to focus on large ticket items for property managers: roofs, turns, hvac replacement, whole house painting, things like that.