At some point you need a new roof, plumbing, windows, HVAC, etc - setting aside 5% of rent may cover a new water heater, but very few components of a house last more than 50 years.It's 2024: books written in 2015 or 2018 are based on the market conditions in year 5 years before they were written.

(I'm thinking adding 2 Beds and 1 bath, or maybe a master with walk in closet and an on suite, a large corner home office, etc. raise rent to $1,600)Needs: Roof, Siding, and Basement Work (potentially more space if the basement is redone, adding a bedroom and bathroom, rent at $1,800?) 

We had a derecho in 2020, so the roof, siding, and windows are all new from 2020.

We are cash flowing great, and continue to pour those profits back into our houses by replacing roofs, painting/siding, and improving the properties to make them more appealing and to get the Cap Ex taken care of. 

We are hiring some contractors (roofing company, mason) that will cost more that $600 for repairs.

Needs a roof, siding, basement, kitchen, bathrooms, bedrooms, etc.

We did the following inspections:1.) drone inspection of the roof. 

Creating a consistent theme for the entire house… farmhouseNew drywall and paint interior and exteriorFixing the bamboo hardwood floorsChanging out the light fixtures interior and exteriorPainting and restoring the bathroom vanities Tile paint for the bathroom floors and showersLandscapingChanging out the toilets to eco friendly ones Adding a nest thermostatSealing and patching parts of the roof Drywalling and painting the garage Adding new appliances Staging What was the outcome?

We also tuckpointed the entire building and are putting on a new roof.

my wife just sold a property for one of our new construction buyers.this client also got talked into buying the property without a home inspection.so she had to put a new roof on it new Hvac upgrade electrical panel and a plumbing issue.the agent that sold it to her is known to us and he is a slime ball no question.bottom line your the client you dictate what you are going to do or not do never let the agent tell you what to do..