In houses with exterior slope towards house, I like a passive approach; exterior French drains (I'm not a fan of sump pumps--they can fail). 

I regularly volunteer for Denver Metro's Habitat for Humanity to gain some exposure with various home project experiences (drywall, flooring, painting, exterior work).

I’d think repairs would be a small expense to prepare for, I’d hope, barring the water heater going down, since the HOA handles exterior maintenance and the interior is well-kept. 

To evaluate the rental property I've used the excel spreadsheet found here in the MMM forums: https://forum.mrmoneymustache.com/real-estate-and-...Here is some pictures of the properties exterior: Front Door: Rear Door:Side View NorthSide View South:We're modelling the exterior renovations off of this picture.

"Done" she said.I bought Hardi panels and cut them to replace the skirting, found a suitable 5 gallon can of "whoops" exterior paint at HD, bought a toilet for $5.00 and a faucet for $5.00 at a yard sale and a discontinued pedestal sink at Lowes for $20.

Since it is a condo, you won't have to worry about exterior items, but self-managing low-end tenants can be a challenge and with 21 units you won't be able to afford decent management.  

No pets and non-smokers.Property Info:3 Bed2.5 BathAttached Garage1976 SFBuilt in 2006 (has been vacant since 2011)Property is in excellent conditionHOA responsible for all exterior maintenance and repairsIn a well cared for 300 unit development Property numbers:Into the property for $127k (currently borrowed at 5%)Current Property Value = $165-170k ( the property will be worth more as soon as the lawsuit is complete) Annual Property taxes = $5400Annual HOA= $2400Insurance = $800What should i do?

My background is a GC vendor for managements in NYC, mostly roofing, exterior renovation, sidewalk repair, and some interior renovation (bathrooms & kitchens).

Exterior walls and  roofs are expensive when you look at it at cost per sq ft.  

Should each door exiting the duplex and entering the hallway be fire-safe (similar to exterior door)?