If that is full RC for roof and home that is a good price for that area!

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

I’ll also call code enforcement and check the county records just to see when things like roof/hvac have been done/permitted. 

I know taxes and insurance have gone up a lot in that time so I understand that problem but the solid rent increases in that time have been able to cover most of that (at least for me it has worked out).

I own a roofing company in Denver and a separate gutter company there too. 

It doesn't add layers of physical damage coverage or cover things that wouldn't otherwise be covered.

Shed has collapsed roof.

Lets say you needed $100k in financing at 12% + 2 points and it took you a year to rehab and refinance that is an extra $14k + closing costs.2. you mention roof is 18-20k.

Or do they leverage debt, and use the subsidies to cover the equity needed?

Estimated cost for remaining changes (all new electric, drywall, tile, fixtures, cabinets, roof, doors, windows, heat pump, some siding, and fencing.