This building needed new roofing.

It’s guaranteed that you will need to replace roofs, HVACs, appliances and many other components.

Or wash roofs.

Depending on the exact location, age, roof construction type, etc, there definitely could be a few things to watch out forAssuming the roof is of a reasonable age, it's still more than possible to cash flow with these properties, even after accounting for recent increases in insurance rates that we've seen.

Suddenly you need a E30k roof, or $40k in AC units, or some other amount of money you don’t have. 

The house has some great pros:• Newer 2000's home with renovations in the last 4 years• Renovations include: paint, lvp, toilets, vanity, ceiling lights/fans, roof and HVAC• Tenants look like they are up keeping the house decently.

Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.

He self-manages, is his own handyman and had to pull out the little equity he gained to pay for roofs and HVAC. 

(Making judgements based on family status, number of kids, medical animals, etc etc..)4) When you get that first repair call 10pm Saturday night for a leaking roof or water heater do you have a trusted/dependable guy to call and get it fixed that night?

And we replace a lot of the major CapEx like roofs, hvac, exterior paint, etc that seem to cause more headaches.