Mechanicals, roofs etc. can be towards the end of their useful life and pass inspection but then the cap ex can't be absorbed in many of these C/D neighborhoods.

My motto is, if you know nothing is mechanically wrong and condition of the property is really good, why have someone else collecting your rent only to charge you 7-10% and nothing is being managed...This sounds like a nice property.

From there mechanical and large items are my first priority (water heater, HVAC, roof) - though an inspection gives us more information and those items can be used as great negotiation tools during your due diligence period. 

However, as in the US, Australia has provided mechanisms to help alleviate double taxation.

It’s a structure with 4 walls, a roof and a floor with mechanicals all around.

In this study, new construction is defined as a habitable structure requiring load-bearing features and MEP utilities (mechanical, electrical & plumbing)Below shows which cities have had the most activity:Question: Do you see activity increasing for the rest of Q1?

The actual mechanism for moving the LLC would be best to consult an attorney or tax professional.

(Cosmetic dump not safety/mechanical dump.)Before it had a name the first place I bought cost me about $1,500/mo and I had 3 work friends pay me $750/mo each.

Would you do it: $175k off-market, 3/2, needs less than $15k to be in excellent shape (all mechanicals are less than 5 years old, roof is 8 years old)

The good thing is you won't have a bunch of surprises since you are already assuming most of the mechanicals need done.