What I am seeing is older residential units being purchased, eventually torn down and upscale apartments replacing them.

I am planning to build a business to replace my income in couple of years so as to have monthly cash flow equal to my W2 income.

I am replacing all 4 toilets.

We keep "kiddie" as we say backhome which is a pot of money set aside for rainy day fund in case we need to replace appliances, perform repairs or other capital improvements. 

I.e. contractor pulled all the drywall out, here are the before and after photos, we replaced the studs here are photos, and then show a before and after mold test that was completed on the house.

There are not enough Gen Z-ers to replace them, and that puts pressure on (legal citizens) wages, partially offset by immigration.

I'd recommend the spread on the return and your ability to replace damaged items (local vs. not local, strength of your team) be the determining factors in that decision.

For replacement canoes that got damaged by straight line winds.  

There's no way to guarantee things won't break, there are only ways to protect yourself financially so you can replace those items.

Can you replace furnace, stove, etc with all electric and save 300 to 400 a month there?