I'm a journey plumber gasfitter and refrigeration mechanic apprentice so I'm come from experience.

No, but I don't want the call from my tenant saying the basement flooded and ruined all their things.I prefer to keep rentals that have mostly brand new mechanicals.

VRBO/Airbnb vacation rentals are also extremely popular in all parts of Scottsdale (to cater to Spring Training, Golf, auto shows, horse shows, etc). 

My other commercial prop is auto related; this is a different industry.Taylor: a bit more about the prop: it is technically 16' clear height, but that is for the drive thru wall-the actual roof hieght is 24'.

It is a mechanic shop with lifts, ect...Great locationpurchase price- 229k with 20% down paid by the person who I'll be renting it to and will be selling to in 3 yrs for 260k.  

Get a mechanical contractor out to see the property and give you a quote. 

You may not need to budget for as much capital expenses if you don't plan on holding it for very long and if you replaced some of the major mechanicals in the rehab.  

It has the added benefit of covering literally everything else as well with extra insurance (Auto, Libel, Slander, Primary, Rental, ETC).

Usually they will inspect a portion of the units if it is over 10units and then look at mechanicals, roof, structure, exterior, etc.

Life events happen, we get it and I would envision if something isn't spelled out in the PPM exactly how this mechanism works that a "best efforts" approach would be applied for a win/win scenario for the current investors and existing investor.