Your renters will destroy these items and want you to replace them. 

If you’re not paying cash for properties, get pre-approved for an investor loan to understand your available credit.Time FrameThe shorter your timeline to achieve your goal, the more upfront capital and credit you’ll need.End GoalMost investing goals focus on replacing their current income, like $5,000/Mo.

This deduction is related to the loss on disposal of certain assets in your building such as replacing or removing existing components of the building.Cost segregation studies can be a very beneficial tool for real estate investors.

Along the way, I discovered hardwood floors under the tile (unfortunately, not salvageable) and replaced them with new hardwood.

Financial freedom goes beyond simply replacing your current income—it's about sustaining your lifestyle for life.

We’ve tried off-site laundry, but our sheets get mixed up and replaced with lower-quality ones, so we prefer on-site washing.Currently, our cleaners have about four hours between guests to process 6–8 loads, but the dryer is the bottleneck at 1.5 hours per load.

And if you really want to diversify, invest into multiple replacement properties with the proceeds.

If separate, do they both need to be replaced?

Otherwise, yes you have to either excavate and repair and replace or run a pipe burst through the line, which is usually as expensive as excavating. 

Labor/material are going to be different and need to factor that in4) new roof, new HVAC, new water heater, ac panel, replacing plumbing to PVCThese are very variable, if you are getting this from a licensed guy to do it and unlicensed.. is it a big shop or a local shop doing it, is the GC doing it they will put some money on the top so it will be more money5) framing (creating new bedrooms or baths)I would get all these quoted from a good couple of licensed guys and unlicensed to know your numbers to cents