I did minor improvements to both of those, but unfortunately had to replace the roof on each (Flat roofs suck, lesson learned).

Agree that we should not be spending a lot on renovations or repairs, but almost everything needed replacements/updates after we turned over the original tenants.

For example, if you are buying in an area that is in are 1980s and above, you might run into a roof that is tile and the paper under the tile needs to be replaced the day you close.

I am a software engineer so I prioritize partnering with the right team to execute every steps of investing.

It will not replace humans in any shape or form, opendoor tried it, listing spark tried it, they are the two worst companies to deal with. 

Do you know if a roof that was replaced due to an insurance payout can be added to the basis?

I mean you technically require a permit to replace an outlet or sink faucet hahaha

There are still a ton of roofs with blue tarps needing repair/replacement and some debris sitting curbside.  

Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

For example:-A tenant complained about the AC not cooling, so I replaced the entire unit with brand-new equipment.