(And I would tell you to not buy a property that doesn't cash flow unless you have significant resources behind you that could absorb anything that could come at you - like replacing a $5,000 AC one month followed by replacing a $1,000 hot water heater the next).   

If the roof itself is not covered, you can estimate your out of pocket if the whole roof has to be replaced. 

There is no requirement for @John Gillick to replace debt with new debt. 

My landlord insurance will have to cover the costs of fixing the interior like replacing carpet, interior painting etc.

Do you save three months of vacancy for each unit and $50,000 for the roof replacement?

Yeah I thought it sounded too good.

It sounds like you are pretty big and you already have your own ecosystem.

doesn't make sense to treat the house then throw all the stuff away, and replacing the carpet and repainting the entire house2.

@Kyle Carter You cannot directly use a 1031 exchange to purchase a primary residence, as the IRS mandates that the replacement property must be used for investment or business purposes.

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 Hey @David Jesperson, welcome to the BP Forum and congrats on completing your first solo deal AND making a nice profit!