Features:3/2 with flex room (4th bedroom possible with frame out closet in large flex room)Large open concept living/kitchenNew roof (architectural shingles, 2017)A/C 7 years old (manufactured 2010)Front and back wooden deckSmall neighborhood, 7 minutes to uptownAcross the street from Elementary SchoolVaulted CeilingsOriginal Hardwoods in living areas and hallwaysFenced in yardStainless steel range and dishwasherWHAT IT NEEDSMaster bath remodel (there is a very accessibly crawl space, so this should be easy according to the contractors I've spoken with)Reconditioning of hardwoodsNew CarpetPaintRefrigeratorNew interior doorsMinor landscaping (one tree removal)ARV: $220,000Repairs: $20,000LIST: $175,000 What made you interested in investing in this type of deal?

I need to fix my roof (lifted shingles) so I thought might as well renovate the whole thing. 

I need to fix my roof (lifted shingles) so I thought might as well renovate the whole thing.

For example, if the roof is remaining, I would remove the shingles (unless your are layering them) and make sure there is no sheathing/plywood to replace or any other 'unexpected' damage then you are more certain of your costs.

Roof jobs typically reveal rotten wood/etc that needs to be repaired after the shingles come off.  

There are currently 8 satellite dishes mounted on the asphalt shingle roof.

There's a lot of people like this out there at low income levels whose record in our new computerized age has fully caught up with them, more than ever before. 

The trouble is that many of the same lenders I have used over the years are all maxed, I have even made calls to more "emotionally expensive" sources (EX. the types that call you to let you know that they have concerns about shingle color on the house they lent on and think it should be changed, two to three times a month) and even most of those are tapped. 

A warranty would only take hold with a defect in the shingle or in some cases a bad install.  

It looks to be in descent shape, I'm just wondering down the road if I have to replace with an asphalt roof - is in considerably more to tear off the slate than a normal tear off of asphalt shingles?