I sure won't be popping up to fix a leak so property management will have to be in the budget.

For example we often talk about 20 or 30 year roofs, but rare is it that I see one that is that old. 

I have a house planning to replace pipe in crawlspace with PEX but concerned about mice chewing through it and causing a major leak.

It can serve two purposes, provide a roof over your head and still provide some income to OFFSET your LARGE MORTGAGE payment, since you are considering putting 5% down.  

Purchase price: $160,000 Cash invested: $265000Purchased this fixer upper that needed new roof, windows, siding, HVAC, updated electrical panel, all new decks and a big update inside.

. -  I would personally rather have a few high quality properties in appreciating areas, fewer roofs, HVAC etc  to replace, fewer tenant issues than 50 cheaper units. 

She also does roofing as well.

There is a lot of construction going on in the high desert and with rents/home prices down here going through the roof the high desert will command higher prices/rents in the next 5-10 years. 

@Tara AdiI am not an attorneyMy experience has been owning a condo as well as building 1,000’s of themIn this instance there was a defect from the common area element that caused damage to the window which would be the responsibility of the HOAThink of it another way, if the roof leaks and destroys your drywall ceiling - are you responsible to replace the drywall?

I was taken for $7k on a bad roof install that had to immediately be ripped off and replaced.