For any mortgage product, there's a third component that's being forgotten and that's "time component".

Rate is a factor, sure, but there are many other components to loans that are equally, if not more, important to be watchful of. 

Plumbing by-passes or abandoned lines; collapsing sewer lines; badly corroded supply and waste lines (both can be from inside or outside corrosion) fixtures with very hard to find components; hidden electrical junction boxes...or non-existent boxes at junctions; outdated and/or underrated distribution panels; knob and tube wiring improperly connected to, or extended with, romex; Switches wired incorrectly, breaking the neutral instead of the hot side; no, or poor grounds for improper outlets; overheated connections, outlets, switches, and light fixtures; improper wire sizes for circuits and overloaded circuits; and plenty of others...all very costly to troubleshoot, locate, and correct individually.

Replacing the roof right off the bat will help with your CapEx savings because from my experience, that is always one of the most expensive components of CapEx.

It has no life: it is simply an expense that is necessary to do the rest of the work, so you can write off the $25,000 demo & disposal cost immediately, then depreciate the rest.I have heard some investors will break out the cost of individual materials, such as roofing nails, and say those only have a useful life of 10 years and depreciate that component at a faster rate compared to shingles, but most of my projects are too small to bother with a few hundred dollars worth of nails.

I simply don't see them as a big component to your team .... but I agree with you about not trusting a darn thing they say or do...

now if you could build and specify components to make it work better for the long haul, like metal roof, granite counters, real wood cabinets, stained concrete floors, no maintenance exteriors etc, i wonder if you would eventually save money?

To be candid, this may be the most important and most overlooked component of choosing a syndicated investment.  

If you have an email automation tool you can also layer email drops as well.Really when it comes down to it with whatever form of marketing you are doing consistency is the most important component. 

The house while old is in nice condition and has quite a bit of new components (roof, boiler, hot water tank) and should make for a great rental so be we do a good job of screening tenants.By no means am I saying it is A or B class renting and the tenants are top notch citizens but it is not at the other end of the spectrum that some are imposing is all doom and gloom.