The lower the Cap rate the stronger the investment grade aka Walgreens/ Target A class ( upper 5's at the moment ) tenants etc...

@Parris Crockett I originally owned a duplex (owner occupied.. total fixer upper) and after that, when I started looking for my next property, it took almost a year to acquire. 

The upper triplex, which is 5 bedrooms, is ours exclusively. 

I'm looking to do a 1031 exchange on my owner occupied duplex in Los Angeles, where the upper unit was my personal residence for more than three years and the lower unit has been used as a long term and short term rental.

Also noted some water intrusion on upper floor window jambs.Seller says tough s**t!

, you could get a credit from the seller for the work.But, get  a few estimates as "The cost of replacement varies and depends on the size of the system, the soil, the water table and proximity to bodies of water.

I am hoping you are correct.I read another post from someone who has the ultimate fixer-upper as a tenant. in addition to that, this one wants everything HER color, and HER style.

They are fixer uppers but are in great neighborhoods and have promising appreciation value in the next five years. 

Since it is a 2 story unit I do worry about a leak in an upper bathroom creating problems on both floors.What deductibles do most investors have?

I thought it was a body bag.