This is just ONE aspect of the convenience it adds.

Areas experiencing growth in population usually see a corresponding rise in housing demand.You should then delve into real estate market trends, examining aspects such as property prices, rental levels, and the average time properties stay on the market.

The roof was redone in the last five years The ex (20% ownership) is willing to go with whatever is negotiated. 

Quote from @David Alonso: Thank you for the advice, I didn't know it was against the lawThanks Only certain aspects are against the law, but I don't want you finding out later, after it's too late.

Sometimes the HOA can cover capital expenses like roof and exterior, so that can help cash flow as well, but the HOA might increase the dues when they have to pay for capital items.

I couldn’t agree more—having a checklist really is a lifesaver, especially when juggling multiple aspects of a deal.

Without my job I couldn't have done this because sometimes they might need a new roof or other work.

I love to purchase simple 3/2 homes that are a little older in good areas with somewhat newer mechanicals, HVAC, Roofs, etc. 

Plus, with your tenant experience, scaling up with more units under one roof makes sense!

However, you should ensure that the contract language allows for such changes without requiring a full contract re-signing.Consulting with an attorney familiar with Florida real estate and property management law is advisable to ensure compliance and avoid any potential legal issues when making these adjustments.Let me know if you need help with any other aspects of this process!