You're investing that kind of money so what's the cost of a round trip plane ticket?

So a 100 unit apartment will be $25-30k to ensure you have money to fix big ticket items such as roof, HVAC, etc.And I'm not talking about the capex to fix deferred maintenance or to upgrade your property to match the surrounding comps.

The inspector really helped me create the initial call to action for some of the big ticket repairs we had to negotiate. 

Specifically big ticket items that he inspector may find.

I always have better luck selling houses for top dollar when the biggest ticket item on the house is new/fairly new.

I would grab a ton of lottery tickets.....okay I wouldn't but what I would do is...

After walking through the house, we see one or two bigger ticket items that need addressed.

Save up reserves knowing you will need to update some big ticket items and just replace as things break. 

If everyone in the neighborhood has a chain link fence then just leave it for now.But it also depends on what other things may be needing repair... if you have other big ticket items that will need repair then I'd focus your money on those first before worrying about the fence. 

Buy and Hold cheap houses is the ticket.