Like all aspects of investing, the most important step is to do your research on the home and tenant.Review their original applications to ensure the current residents meet all qualifications.

I've been very lucky to not have to replace a roof or HVAC yet!!!

Not sure how to account for cap ex when you factor cap ex roofs, hvacs, etc in.

.”• I pay all the costs – things like Real Estate Commission - Title Insurance - Escrow Fees - Transfer Tax -Termite Clearance - Roof Certification – the list goes on and on..• And I buy them in an “as is” condition.

An extra $200/mo. to me wouldn't be worth it to have so many families/people under one roof.

Those landlords had best take some time out to study the law.When a landlord implements standards which are designed to eliminate certain aspects of risk, such as minimum income levels and credit scores, and those standards are equally applied to all applicants it is not discrimination or illegal.

You can have two properties with similarly sized roofs in two completely different neighborhoods at different cost points. 10% "might" be a starting point, but it depends on a lot.

Well basically I have had connections to help with the roof on to help gut the house as well as try to GC some of the little bit of stuff I needed done but far as that just the finance guyWhat was the outcome?

The other aspect is identifying what I call "Ugly Inventory" so that you find homes that can still pass an appraisal and not be "Subject to" so that you can do some TLC with repairs/renovations to borrow off of the ARV.

BUT, I had to put on a new roof which I didn't think I needed.