If you plan on keeping it a long time I may wait to fix it but if its something you would consider selling in the next 5 years I would get it fixed as going to sell it you will need to repair it and costs to fix this are not gonna get cheaper as time moves on. 

And when a furnace does go out, the property manager will fix it.You can get a property manager for a long term rental too but the numbers in terms of cash flow just don't seem to work well as they do for str's. 

That's how security issues gets fixed.

Fix it up and rehab or flip and then you can pay yourself back and have a little bit extra to push to the next one

Investment Info:Single-family residence fix & flip investment.

Fix and Flip is taking on a new job when you already have one.Owning rentals is wealth building.

Fix the property up to force equity, rent, and refinance with a 30Y loan.

You would think with a fixed rate loan the COC would improve over time but the other expenses are so large that the COC stays about the same year 2 to year 5.

an inspector will tell you everything wrong with a property, from the minor to the major. so if the inspection report finds a bunch of electrical issues, yes, you'd need an electrician to tell you whether they are $200 fixes or $2000. 

I have read many times that if you notify someone and they don't do anything then they own the blame because they knew of the risk and chose not to correct it.Your correct if a healthy tree or limb falls on your property then you have to fix the damage yourself.Consult an attorney and your insurance company to confirm.