The home is turn key with a new roof, furnace, floors, AC unit and paint inside and out within the past few years.

Other repairs since the new tenants moved in include, a sliding door lock replacement, drywall repair from a roof leak, 4 cracked windows, a broken front door handle, light fixture replacement, blinds that are longer than the window, window screens and now a ceiling fan making grinding noises. we're about $5000 into repairs/replacements right now since the tenants moved in.

A fixer upper would be more likely to get a deal on.Certain areas like Orlando are very saturated and therefore competitive to keep rented at a good price.Research insurance premiums because they have gone through the roof in Florida and other areas.

Prior to purchase the roof was replaced as was the water heater.

You also become responsible for making sure your tenant has a livable space - keeping all the major systems up and going - so hot water heater, AC, the roof, electric, plumbing, etc.  

What I have noticed around Stuttgart is that purchase prices are through the roof but rents are still relatively cheap so it's hard to get positive cash flow.

I see the trending statement for 2024 being "I can't afford a roof over my head".

Their latest property which the flat roof addition of the home has absolutely no pitch (shingled) which made me think of the R905.2.2 Slope section of the IRC.

The roof has been replaced once but still leaks.

Flat or pitched roof?