The house doesn’t need much besides a roof, siding, paint, and some kitchen cabinets.

Since I do target the 15-20 year old homes, they normally have the original roof, AC, plumbing etc. so I pay attention to that and set aside cap-ex funds accordingly. 

Then I either get better than average rents or I'll sell it.First I repair/replace things, if needed, that cause more damage (to property or life) if they fail, roof, water heater, plumbing & electrical... anything health and safety related. 

I have made many changes to the exterior (new roof, paint and landscape).

My current home owner insurance did not do jackshit when my roof broke down due to hail (which is covered under their policy). 

Everyone seems to recommend separate bank accounts for the business (as landlord, collecting rent, paying expenses, repairs, etc) and personal.My question is, since I live in the small unit (maybe 40% of the sq footage of the building) and rent out the other 60%, it's unclear which account I should use for the roof replacement that is going on right now. 

Finish quality, Large system replacement (eg. roof or electrical) can all muddy the numbers. 

I am looking to buy a multifamily property, either all under one roof or several units on a piece of land, such as a mobile home park.

She said the home was in need of some repairs to the roof and was looking to sell within 30 days. 

I know its nerve racking but what if Edison said its to hard to try.....and we never had light....well, Good Luck and tag me on any questions you might have as i am willing to help.6.