If it’s an older property or has deferred maintenance, you might want to lean toward the higher end.When it comes to CapEx (capital expenditures), planning for major replacements like roofs, HVAC systems, and appliances is key.

Replacing windows went up about $100 each just to play by the rules.

Quote from @Stuart Udis: @James Wise "Do normal due diligence like appraisal and inspection and you're risk exposure is fairly low.

Is it a good idea to do tile grout repair for 300$ or replace tiles with LVP in the kitchen?

Most likely due to wanting to invest his time more wisely:)If you can move in with family or friends RIGHT NOW and rent out your house and start DIY managing it BEFORE moving out of state, that would be best.Otherwise, handymen, cleaners, agents, etc. are highly likely to take advantage of you once they find you you live OOS.

I'm replacing a boiler for a single-family home, 1400 sq.ft.

I think it just benefits current owners. our replacement cost variability just went up a lot for the next 4 years.

Thanks The older homes usually require some sort of updates to the plumbing/electrical to get a decent rate if you are wanting replacement cost.

Other wise they would have bought it at the auction and would have told you they owned them so you would not waste your time and money bidding.. that's the other play these redemption buyers play.

It would be wise to ask your CPA the capital gains exposure once this strategy is being executed.