Keep cash on hand and don't put yourself in a position where if your tenant needs a new roof or AC unit right now that you'll have to put it on a high interest credit card.Second, I realize that everybody's experiences are different and so is everybody's unique skill set. 

Verbally, another told me it would be $12K per year to insure unless HVAC, plumbing, electrical and roof were all updated recently.

Purchase price: $Cash invested: $Completely renovated SFH, 3/2, built in 1999, 1214 sq ft with a new roof installed in April 2024, state-of-the-art smart LG appliances, and luxury vinyl plank flooring throughout.

Property I am interested in needs a roof.

Hi everyone,I've had several issues (washing machine, stove, garage door's motor, roof leak, etc.) with the properties I own.

Let's say going in you think the house needs a roof, an AC, and some paint & general repairs for $10k, 5k, and 3k respectively.  

SE Michigan (House on Zillow says it's worth $348k it's a 3br, 2 1/2 ba), semi finished basement.My house currently needs a new roof, new water heater.

He had to tear out the entire chimney chase on the roof, where he discovered a rotted area that was letting the bats in. 

What I had in mind was having a builder handle foundation, framing, roofing,electrical, plumbing, etc.

The only thing they share is fire sprinklers and roof.