But that’s going to be toilets, faucets, leaks, garage doors, etc etc. 

Maybe have a decent sized pool of cash to take care of the occasional roof repair or personal expense, but almost entirely in real estate?

., HVAC or roof replacements)?

I also invested in improvements: new roof, water heaters, other major appliances, and a kitchen renovation.Now, my situation has completely shifted.

Can I demolish the roof and build above it to raise the living space above the base flood elevation.

This of course depends on your starting bank roll - but if its like mine (under 100k) - Im trying to put as little as possible into it on top of initial equity and fees.this will likely chew a big hole in your ROI  (now if you are looking to improve value with a cash out refi or a great prospect comes along that needs combo new plumbing, roof, windows, foundation repair, etc - well just make sure you know what youre getting into and/or have a good contractor and finger on the pulse of the market when estimating the ARV YOURSELF - couple missed items and you risk having a bad first investment and not doing it again).    7) dont be scared be ambitious ( i should heed my own advice sometimes) 8) define numbers goals within your target areas.  

What is your roof goes, a heating unit.... you're credit card debt could build up quick as a result of this putting yourself in a bad situation.

-Spreading costs: One sewer line, one roof, etc.

It stopped when he lost a couch in transport when his roof rack failed.  

So for those who may be following my journey via Forum Posts, I had a home inspection on the Remington rowhome and the roof was poorly redone and may be a deal killer.