ARV is $155k - (Needs a new roof in a couple of years and HVAC)2.

This will be from our HELOC, needs updated but solid foundation, new roof, new AC and furnace.

. - That is correct although we have had to finance a driveway being paved, a new roof, and new siding because of a wind storm.

The roof may have 5-10 years left on it.The $30/month does eat into our monthly cashflow, but want to get the pros and cons of both.

In working to get insurance, I found out the home was not insurable and I wouldn’t be able to complete the repairs in under 30 days to get it insured because it is currently tenant occupied until the end of the lease.I notified the wholesaler that there are some issues here and I would either need to buy it with cash (as intended) and leave it uninsured while hustling to do the roof, AC, and electric panel in under 30 days (a little tough to do with the permitting of a roof in Brevard county, FL right now).He said he’d check to see if any other buyers were interested and would “consider” refunding the assignment fee.

If you need a new roof it is going to cost you say $3,000.

Gas forced air with a/c. will be R49 in newly redone roof area (50%) with remainder approx R30.

I found a company that has construction, management and brokerage under 1 roof and operates in Indy, Charlotte and Kansas City..These markets have population >1 Million with consistent growth; Good jobs and low unemployment, inexpensive houses in working class neighborhoods that create returns of at least the 1% rule and are cities with excellent credit ratings allowing them to invest back into the city.My first purchases 5 years ago included visiting the company and interviewing the employees for the systems they use, inspecting the houses and then reviewing the monthly reports once the purchases were made.

@Sam Grooms does the roof have any kind of warranty?

I found a "highest and best due by tomorrow" home I'm really excited about listed for about $100K less than the going rate for the neighborhood, accepting only cash offers, presumably because of the sagging roof, foundation issues, fact that it was built in the 1900s and pretty much never updated, etc.