I really love the idea of having multiple units under one roof.

I feel CapEx is one of those line items most investors hate to put aside but are glad they did when the roof leaks etc.

Examples of qualified expenditures include costs for structural work, electrical and plumbing systems, roofing, and other improvements necessary for the rehabilitation.

Stout Roofing has been great for us.

I had to replace the roof $6k & cut the grass $1200.

Womp wompIf $4000 is 3 years cash flow this is probably not a good deal.I have a minimum cash flow requirement of about $4000/year due to the cost of things like roof, HVAC, vacancy, painting etc.Have you penciled the deal out to make sure it makes sense?

Other than that, roof is newer, and there will be some drywall, new flooring throughout, appliances and a few other items.

So altogether,  I spent $60k on maintenance on the 3 duplexes,  that includes appliances, windows, and even a roof replacement.

The one thing most people don't realize is that the 1hr wall need to extend the from the ground to roof.

From roof leaks to sewage back ups.