The bathroom and kitchen were replaced.

Along the way, I discovered hardwood floors under the tile (unfortunately, not salvageable) and replaced them with new hardwood.

I make a decent income in a corporate type job and have an end goal of someday replacing that.

.- The bathroom flooring was covered in mold and needed to be replaced.- The kitchen sink was unsecured and fell into the kitchen cabinet.- My insurance was cancelled until I fixed roof issues.- Debris littered the recently occupied unit, the basement, and all over the back yard.As mentioned, we had an initial video walk through before the contract to purchase.

If you’re not paying cash for properties, get pre-approved for an investor loan to understand your available credit.Time FrameThe shorter your timeline to achieve your goal, the more upfront capital and credit you’ll need.End GoalMost investing goals focus on replacing their current income, like $5,000/Mo.

Look at the age compared to there useful life and cost to replace.

We’ve tried off-site laundry, but our sheets get mixed up and replaced with lower-quality ones, so we prefer on-site washing.Currently, our cleaners have about four hours between guests to process 6–8 loads, but the dryer is the bottleneck at 1.5 hours per load.

He doesn't have to worry about a rough needing replaced or a tenant causing $20k in damages after one year living in property.  

When an owner replaces or retires certain items (e.g., lighting, HVAC, or carpeting), they can claim a deduction for the remaining undepreciated value of those items.

Financial freedom goes beyond simply replacing your current income—it's about sustaining your lifestyle for life.