On the residential side my experience has been that any cash flow I accumulate gets eaten by major “replacement” items every three years.  

If I sell my investment property for 1.3 and the strike value is 1.1 for replacement property, there will be a 200k taxable boot.  

Even if they don't like everything, for the buyer, it's easier/cheaper to replace a few things than to have to furnish from scratch. 

Tax sales sound great but in FLA its tax certs which are a business unto themselves the tax sales are better mainly land though.. we have done pretty good with land only in FLA.

And, hell, the old aluminum siding looked like crap so I replaced it and the gutters.

If the home is kept up by the homeowner and things are replaced on a regular basis, usually it's not an issue when it comes to finding things that need repair. 

We essentially want to replace the realtor for these FSBO sellers and just charge 1% of the sales price. 

I had to replace 2 steps this spring due to some minor rot.

The 5 major points they’re focusing on — affordability, uniqueness, videos, discoverability, and marketing — sound like they’re trying to create a more seamless integration with the main platform, but the question is: will it truly add value for hosts?

Holding the townhouse sounds more like a bad investment plan.Any advice is appreciated :)