A new 3 tab asphalt shingle roof cost roughly the same for a 1000sf home in Taft that rents for $600 or a 1000sf home near the coast that rents for $2400.I have some older homes and some years, maintenance and repairs can exceed my total gross income on a particular home.  

The house is vacant, the roof shingles are bad and it leaks, so the sheet rock in the ceiling has been wet and is moldy.

If the house needs a new roof go with a shingle that dimension to it. 

The construction guy came in the house and said the only fix was to rip out the roof, put all new boards and shingles down.

And the shingles probably last a little longer since the panels are blocking the UV.

Tear off, ridge vents, GAF Timberline HD shingles.

Especially in a rental; they are as close to bulletproof and maintenance free as you will find.Higher quality shingles are well worth it when doing a roof.Good light fixtures can be pretty timeless.Hardwood, not laminate.

Places I use ..... under the deck on a nail , In a lawn sprinkler head buried in a corner next to the foundation , under a shingle on the shed .  

However, the knowledge I earned through that course has been invaluable in preparing me for investing in real estate.After you complete the class and take and pass the license exam, that will be a good time to try to hang your shingle with a RE company. 

Here's what I'm looking at:4 bed 2 bath split level home (basement+ground level) carport (no garage)1800 sq ft home 6000 sq ft fully fenced lotSelling agent's resale estimate: $135,000 - $140,000Buyers agent resale estimate: $130,000Zestimate: $125,000 Selling agent's estimate of repairs $10,000 - $20,000Buyers agent's estimate of repairs $20,000Selling agent's Prop. mgr estimated rent $1000 - $1100/monthBuyers agent estimated rent $1200 - $1400/monthZestimate rent: $900My guesstimate of other costs (closing + unknown): $10,000 --------------------------------- Here are the figures I plan to use:Sale price: $125,000Total costs: $30,000 = $20,000(repairs) + $10,000(other) Rent: $900/month =========================================== Max Purchase Price (MPP) using 70% rule: $57,500 ---------------------------------------------------------------------------- MPP = Sales Price * 0.7 - Total Costs MPP = ($125000*.7) - $30,000 = $87,500-$30,000 = $57,500 =========================================== Max Purchase Price using: Sales Price - Other Costs - Profit - Repair Costs: $75,000 ---------------------------------------------------------------------------- Desired Profit: $20,000 MPP = $125,000 - $10,000 - $20,000 - $20,000 = $75000===========================================Rent Yield (MPP $57,500): 12.3%Rent Yield = Annual Rent / (MPP $57,500 + Other Costs + Repair Costs)Rent Yield = ($900*12) / ($57,500 + $10,000 + $20,000) = 12.3%Rent Yield (MPP $75,000): 10.2%Rent Yield = ($900*12) / ($75,000 + $10,000 + $20,000) = 10.2%=========================================== ///////////////////////////////////////////////////////////////////// More details (from my relative): ///////////////////////////////////////////////////////////////////// Repairs needed: New shingles for roof.