My husband and I are considering buying another investment property where the home’s only bathroom is on the main floor. There is no half bath on the second floor where the bedrooms are and there really isn’t any spac...

And if the masses don't, then I'd bet on something breaker sooner than later which would then make rates change earlier.

If you are self managing you need to know where all the GFIs are and where the breakers are.

But isn't a deal breaker. 

While it's not necessarily a deal breaker it's important to ensure that you are paying a reduced rate for the house.

No living room sounds like a deal breaker, would at the very least depress the rent you could otherwise get for it. 

@Tracy Scott it's highly dependent on the deal, the type of property and the location.In addition to the items others have mentioned, here are some of the biggest potential start-up expenses that I study closely before buying a property:Foundation/structure--this is one of my few "deal breakers", I typically will not purchase a property with significant foundation or structural issues.

My husband stated do not let the blinds be a deal breaker since we are reciving $1,500 for the rent.

Tenant maintenance includes changing the HVAC system filters, batteries, trash cans, electric light bulbs, fuses, resetting circuit breakers, cleaning of appliances, as well as window air conditioning units, humidifiers, and de-humidifiers, or any other services not specifically listed as supplied in this Lease Agreement at Tenant’s expense.

The tenant can always turn the furnace off at the breaker , or at the safety switch.