There are many buildings with systems reaching the end of their life - Galvanized hot water risers, leaking vent stacks, aging window systems, outdated elevator and fire safety equipment.

As far as positive ROI - I'd like feedback on the following items:-Switching to tankless hot water heater (current water heater doesn't look so hot)-Upgrading electric panel to a Span Smart Panel.

Put cayenne pepper, black pepper, and all the hot spices you can find and mix them all in a jar. 

But, they chase the latest hot trend.  

The property is located in a very hot area and we have a projected profit of $70k.

If you know New Hampshire well and what the hot spots and activities are there’s many areas with year round demand.

With the HOA payment at the condo, I don't pay any utilities, I don't worry about landscaping or maintaining the multiple pools, hot tubs, lazy river, etc.  

One gives you microwaved waffles and a room, the other greets you at the door has hot towels ready, tells you where the sights and sounds are and caters a multi course meal to your room. 

Would it devastate me financially to get that $1800 bill for replacing a hot water heater ?

There is a ton of saturation in the cbus market not only here on this platform but with investors in general, its a hot, competitive market, but that also means there are a huge number of garbage operators too, so do your due diligence on who you listen too, but again I can't say enough good things about tommy.