Vacancy  1 month out of 20 months. capex of $60 per month. example of capex: floors 1200 sf @ $6 sf = $7200 / 8 year life span / 12 months = $ 75 per month. 1 item exceeds your budget.

Flooring 1200 sf @ $6 sf =$7200 / 8 year life span / 12 months = $75 per month per unit.

From the pictures it looks like it’s at the end of its life span. 

Example roof 15 years old and a 25 year life span.

@Joy Funt what does the hoa cover. if the townhomes are 1000 sf, you have 4000 sf of flooring @ $6 sf = $24000 / 8 year life span / 12 months in a year = $250 per month capex for flooring.

I have been in real estate for roughly 7 years and had a 5-year span in property management where I managed about 45 residential condos so putting the pieces of the property management puzzle together will not be an issue.

And my relationship with my bank spans almost 3 decades.

If the flooring is new today it has a life span of 8 years. 2400 * $6 sf=  $14400 /8 /12 months in a year =  $150 per month for floor capex.

Life span for roof 25 years.

In June 2018 I looked at average rent increase for San Diego SFR in the previous 3 years   The average rent increase was almost $500/month in that  3 year span   This was the average so RE that had value adds were very likely to have much greater rent appreciation.