Usually you try to the do the refinance after you purchase the replacement property.

This includes some major items like below upgrading septic to elgin septic system 20kupgrading electric to new cod 20ktree cutting trimming 10ktrench/French drain 10khvac replacement repair 10knew plumbing 10kcrawlspace repairs 10kappliances replacement 5kdoors replacement 5kmold repairs 3kroof repairs 3kother repairs It is in good location.

I had to replace the fridge, HVAC, and various other repairs that were another $8k or so.

Yes,It will cost you more in time to meet a tenant locked out then the cost of a key.I have an addendum for smart locks that require the tenant to return control of smart lock to landlord on moveout date or pay for replacement

From the floor joist being cut from the sill plates and the entire house needing brought to level, the foundation requiring correction, to the no slope rubber roof leaking and needing replaced when I say I renovated every square inch of this property I mean that literally.

On the residential side my experience has been that any cash flow I accumulate gets eaten by major “replacement” items every three years.  

If the damage is really bad, then you may have to replace some studs.Of course, none of this should be attempted until the roof issue is resolved.

I am wanting to leave my day job and replace it with a job that will give me good experience that can be applied to investing.

I also have a specific note that they have to initial that if they lose mailbox keys that it is $400 to replace since it's a huge hassle to deal with the HOA when that happens. 

So, I tried to help the situation by getting a contractor to go replace the floor and remodel the bathroom so that the house is nicer for her.