You are like many others who are getting started and unfortunately your generation is screwed because of the amount of spending is older generations have done and put the debt on you which also has led to record inflation.All you can do now is plan for the future and don’t force things but invest wisely when the time is right.

There was a trap in roof however I been told by realtor and inspector that it will be replaced and there was no known leaks.

Our office signed the contract and they got the permit and replaced the drain field.

Consulting a tax professional or financial advisor familiar with these rules would be a wise step before making any decisions.

Looking my insurance policy it mentions that I can opt for settlement under Actual Cash Value vs Replacement Cost. 

So investor need to choose wisely.  

What happens if the roof has to be replaced?

And that's after paying to replace the existing system with electric baseboard.

In addition to taking 6-9 months to close, they are also subject to (i) annual audits, (ii) annual REAC property inspections, (iii) recurring annual MIP payments on top of your interest rate, (iv) large initial deposits to the replacement reserve, (v) commercial space limitations to 15-20% EGI / 25% NRA, and (vi) less forgiving underwriting with 7.00% minimum vacancy rates when determining our underwritten NOI.

Much cheaper than replacing flooring.