If you have a great job where you can absorb things like, a new $4,500 AC, or a $10,000 roof with little concern - a cash flow play could make sense.  

In this case, tho, I don’t think I got someone experienced in this aspect of the market. 

Planning to do the same to the second unit in August.We've been doing lots of landscaping and plan to:-replace the front fence-replace the shed -paint the outside -add better ventilation through the roof What made you interested in investing in this type of deal?

The legal aspects also scare me a bit, but that's mostly out of ignorance rather than knowledge of what goes into it.But since I've read a bit more it seems that hiring a PM might not be in my best interest.

Demand is through the roof in all of the areas we lease.

Renovated kitchen and bath along with renovation on 100 y/o hardwood floors and new roof to make this a downtown Concord gem.

  $15/sqft under roof instead of $10, for instance. 

If the roof is spongy and you go into the basement and the water heater and furnace are encrusted with an inch of rust, that's a different issue.

I like large oak tree personally until the branch falls to the roof 

The other aspect I feel is a byproduct of inflation and/or a fear of a downturn in the economy.