Hi everyone,In February a pipe burst in a rental property we own in Indiana.

Part of that means that the underground tanks and pipes leading to the pumps have to be up to current code. 

There is pooling in areas away from the drainage pipes though.

(It is due to a tree that the city grew and will need to be cut down immediately to remediate the problem). (12k for the replacement of pipes and ~5 kfor tree) 

What if I were to tell you the Investor A triplex was sold two years later for a $100K profit whereas Investor B is run down and exhausted from managing their four "C" neighborhood single family homes and when investor B goes to sell,  they can only attract break even offers because the only buyers who would step to the plate were investors who were not willing to pay retail with so much distressed opportunity available in the "C" neighborhood due to limited barriers of entry. 

If you where going to be able to recreate the orginal layout, you would of been able to do so by the clues left behind by remaining framing, be it the "honey" holes where the toliets once where, the sizes of the holes in the joist would indicate what pipes ran where be it hot and cold supply, toliets, showers and other industry standard tell tale clues. 

Things like leaking pipe under sink, downspout that needs securing, sewer vent pipe out to the attic, missing smoke detectors in a unit, loose material, etc. are all very easy fixes that we would be happy to make for you. 

If all water is off in the unit but the dial is spinning you know water is moving through the pipe and going somewhere (usually a toilet).

(It is due to a tree that the city grew and will need to be cut down immediately to remediate the problem). (12k for the replacement of pipes and ~5 kfor tree)

You are right, many investors overlook the cap ex side of SFH product, when a roof or HVAC can run you $10K+, re-piping $15K+, and even smaller issues like windows and siding in the thousands.