Lets say you needed $100k in financing at 12% + 2 points and it took you a year to rehab and refinance that is an extra $14k + closing costs.2. you mention roof is 18-20k.

I recently paid someone to do my roof and replace the carpet (~5k expense) on my short term rental in 2023, however he won't fill out the 1099-NEC.

Prices are through the roof, Insurance cost have skyrocketed, maintenance cost are up a lot, taxes.

Your roofs might look good, but they might leak later.

For example, if you are buying in an area that is in are 1980s and above, you might run into a roof that is tile and the paper under the tile needs to be replaced the day you close.

Purchased for $69,000, it needed a full rehab, including a new roof, plumbing, and modern updates inside and out.

Purchased for $69,000, I tackled everything from a new roof to interior updates, transforming it into a move-in-ready home.After months of surprises (and a few headaches), I sold the property for $145,000.

This usually means all updated electrical, plumbing, and roofing.

I have yet to complete a walk-through of the property and see what renovations may be needed (potential for HVAC and interior, but from my understanding the roof and windows were replaced within the last 7-8 years).

I've looked into roof stock as a possible option but I've heard nothing but negative reviews about them.