Needless to say they shall not be used again. 

Obviously, if you have better investment options, you would need less capital.

The water was not shut off in the house, and needless to say, there were several pipes that burst.  

He had multiple rental properties, single and multi-family, everything....needless to say I look forward to exploring and learning all I can!

Again, solve for $X at a 29% return, and you get an X that equals $349K.So, if you leverage based on your parameters, you'd need less than $350K to hit your $100K pre-tax income goal.

Needless to say the HVAC and other systems were also hosed.  

Needless to say I sold that house and put about $70K in my pocket!

You don't buy the house, you don't need to borrow any money, you only need less than $100 for a option to control the property, you don't need to hire contractors or fix up the house.

Needless to say it was the longest 4 days of my life! 

Needless to say this adds up to a lot of money.But for my basis I did not use the above costs because 1) Some of the units were purchased near the end of the life on the items replaced 2) I have not seen the actual life due to virtually nothing being new when purchased.