On page 117 of Brandon Turner's "The Book on Rental Property Investing" he has a chart to calculate capex and I did my best to recreate this with more accurate prices (in the book he only budgets $5000 to replace a roof).

Or the housing costs may just be too high to cover your expenses.

In this case, I would increase the tenant's rent $55 a month to cover the heat costs.

new roof and updated interior of one unit What was the outcome?

new roof and updated interior of one unit What was the outcome?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

We were able to get financing through Legacy Homes, the terms are roughly 10 years with a fixed rate of 7.9% for the first 2 years then Walstreet Journals Prime plus roughly 4% (Kinda pricey after two years potentially), 10% down which covers the home, taxes and transport.I have a third home coming in tomorrow and then I will stagger them out. 

There are quite a few posts that do cover this, but my personal method is using AirDNA (paid veersion) analysis and then double check the results using the enemy method. 

Derek, so assuming I get a 300K from equity via cash-out refi and I purchase a new property in full cash with no mortgage but with enough monthly cash flow to cover the new loan amount of $494 K ($194K + $300K), wouldn't it be okay to take this consolidated approach with one loan with two cash-flowing properties covering the monthly mortgage and other expenses?

But there is a lot of missing info that makes it hard to even begin.As other's noted, it could be any number of things, some more common than others.It might not even be bathroom related, i.e. a roof leak that is showing itself in a bathroom (but presumably this would be present when raining and shortly thereafter).Toilet, could be wax ring or the O ring that connects tank to bowl.