(About 1.5% of rent) (Usually a water heater every year and an ac unit every 2, everything else is under $200 plumber, landscaper, or handyman call.)If you’re painting houses or fences, replacing asphalt roofs, trimming/removing trees, in a market of 50-80 year old houses with cast iron pipes, water wells/septic, or other things like that your numbers will vary.

Neither situation is iron clad.

Old cast iron sewer lines go bad, HVAC systems have to be replaced, roofs have to be replaced, tenants need to be evicted and you get back a trashed unit full of crap.  

Took me 3 months just to get that part ironed out.

(and ironically, that is also being entitled!!!)

Boilers, cast iron pipes, and knob and tube are all concerns but the bright side is much of those taxes go toward the school systems (that are generally very good), which bring stable family tenants.I'm curious what you mean when you say multifamilies are a different breed?

I know it is in an POA/HOA and is in really great shape compared to others in the Tax Sales (Ironically there is a 4-Plex in the same POA that is also in great shape if anyone is interested in that one.....perhaps I could be your boots on the ground for that one??).  

He camera the line and told me bad news that the at the intersection where the new PVC pine and older cast iron pipe (under the house), root are growing which are causing the clog.

Are you guys still talking about this...I am busy ironing my shirts for the Summit :)

The pipe was really plugged so I kept digging cut the cast iron off and still full of dirt.