Because if they are they and break you have to replace.

Renovation PlanScope of Work:Convert 0.5 Bath to Full BathEstimated Cost: $7,500Details: Add shower or bathtub, update fixtures, ensure proper plumbing.Add Bedroom in BasementEstimated Cost: $15,000Details: Install egress window, insulate, add walls, flooring, and electrical work.Replace DeckEstimated Cost: $3,000Details: Replace existing 8'x10' deck with new one.General UpdatesEstimated Cost: $45,000Details: Update kitchen, bathrooms, flooring, paint, fixtures, and necessary repairs.Total Renovation Costs: $70,5004.

On an individual property, cash flow is choppy like a bad one cylinder engine.

How old are these replacable units, are they at the end of their Service life.

If your goal is financial freedom you need an income that meets four requirements:Rent increases faster than inflation: Only if rents increase faster than inflation will you have sufficient dollars to pay inflated prices in the future.Sufficient to replace your current income: You must have sufficient income to replace your current income.Lifelong income: It must continue throughout your life.Low operating costs: Every dollar you lose to operating costs is a dollar less for you to live on.Rents Increase Faster Than InflationWe live on buying power, not a fixed number of dollars.

Other ways (off the top of my head):- Dedicated Revenue Manager on top of dynamic pricing software- 24/7 guest support- Vendor discounts (i.e. roof replacements, AC repairs, etc)As a new PM I think it is important to highlight where you add value instead of battling on price. 

The money needs to be kept in a 1031 account until you find a replacement property.Holding money in a treasury direct account is good for short-term.

More likely to fix holes and paint than replace a used appliance.  

It’s not that easy and even when you believe you have all the puzzle pieces in place, you will be replacing those pieces constantly.

Vinyl plank is likely more durable than laminate and you can take up a piece and replace it if needed (get some extra when you buy it).