I am in contract right now on a hud home that wasn't winterized properly so it has burst pipes and also needs a new electric panel. I

Without experience in this field, you can't be sure that the numbers you were given are accurate (real estate agents are notorious for padding the numbers), so it could also put a financial strain on you.  

When things get tough, and they do from time to time, the strain on these valuable relationships is just not worth the money.

You'd hate to put an undue strain on the early days of your marriage because you're living in a constant construction zone!

I'm most proud of the refinished hardwood floors (bought a flooring sander for this property), the new double paned windows, the complete bathroom and kitchen remodel and the tankless hot water heater.

I don't think it would put a strain on our friendship (but everyone says that right) Richmond Virginia Real Estate Agents/ Investors PropositionI am looking to learn from experienced investors in Richmond Virginia who are also Real Estate Agents.

Levying higher property taxes in an effort to keep coffers full may backfire if the city can't stand the strain. 

Diverter valves, window panes, leaky faucets, roofing issues, old AC units, old hot water heaters, etc.

what if another strain hits the world next year? 

At the beginning of your "investing" career you do not want things that cost or place a significant strain on your capital.