The current owner is definitely losing money with new roof, siding, cabinets, refinished floors, paint, etc.

Renovated house, repaired roof damage caused by a fallen tree limb, and repaired damage from previous owners.

Remodeled the entire property: new kitchens, bathrooms, flooring, painting interior and exterior, landscaping, new roof on back unit, opened up kitchen to living room in front unit.

For most of our small drywall and plywood hauls from the big orange retail giant and its big blue competitor, the rack on top of the SUV and the moving blanket+ratcheting load straps that we keep in the spare-tire compartment do just fine.Our vehicle of choice, and I remember the old days fondly, used to be a Honda Odyssey with 200,000 miles on it.

In order to get homeowners insurance, the roof, plumbing, electrical, and HVAC usually need to be functioning normally and have reasonable service life remaining.Will the property appraise for the purchase price to the end buyer?

Homeowners insurance will cover only the dwelling such as the walls and floor/roof and everything permanently attached to it.

Basically you assume several exceedingly bad and increasingly unlikely scenarios and see what your finances would look like.For instance, look at what your numbers would be if 2,3 or 4 units went vacant and you had large capex expenses like a new roof.

If you need to work on a roof, find yourself an old couch cushion or whatever u can find.

Major HOA items are roofs, exteriors, and foundations.

For instance, you might have a condo that has a roof above each unit and each owner is responsible for their own roof.