Your PM replaced the water heater because it was leaking.

I'm interested in learning about rental property investment, looking to build a rental portfolio, exploring real estate investing to replace my income.

I need to redo the roof of the house lift up the second floor, the entire front deck of the house, demolish the old stucco, And replaced a lot of rotten wood and messed up beams.does anyone have any recommendations? 

Don't split the work between multiple contractors if possible, finding one to do all or most of the work will keep prices down.Challenges were finding replacement pieces for certain items as manufactured homes were very different than stick built as well as going through state guidelines for affixing the house to the land

Many times, when i replace a water heater and take a look into some of the short pipes that connect, they are approx 80 percent closed. 

A light bulb replacement, for instance, might be the responsibility of the tenant.

I redid the cabinets, repainted and replaced all the windows.

If a landlord was responsible for each replacement it would add up quickly.

If another veteran assumes the loan then their entitlement will replace the sellers, and the sellers entitlement can be restored to full.Great post!

During this renovation period would you, as the lender, want an Actual Cash Value or Replacement Cost policy in place?