Will or does it need any capital improvements such as a roof? 

While my insurance charges are relatively low each year given this is a condo, I learned to better assess who is behind budget planning at the HOA level for all of the units for roof, cleaning costs, basement improvements (shared by all units), given this was run well by one individual.

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

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

Originally posted by @Chris Purcell:Originally posted by @Kevin Branin:exterior first(roofing, windows, entry and exit doors,siding, foundation), then fix electric and plumbing hvac. then hang int. doors drywall and spackle, then prime all walls, install floors, tile bath and kitchen, then cabinets, then countertop, then finish paint all walls, then finish electric and set toilets, faucets, hvac registers, etc, then hang trim and paint trim, then get paid for your hard work Install floors before painting walls?

Since repairs are essential, doing the HVAC and roof as cost-effectively as possible will boost rental value and make refinancing smoother.

Or wash roofs.

This building needed new roofing.

I recommend you confirm that with someone else other than your agent.Food for thought…Insurance related: I’m currently replacing a roof on a house I own, not because the roof is “bad” but because it isn’t possible for the next buyer to get insurance with such an old roof (barrel tile, which lasts longer than the 30 years that insurance companies require).  

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.