Roof is approx 15 yo. 4 water heaters been replaced in past 5 years. current brings in $5200 month.

Motivation is an emotional response to a circumstance, not the circumstance itself.Although the sensible solution to the circumstance of being in foreclosure let's say, is to sell their house, the reality is that the emotional response to being in such a situation is to find ways to keep their house, not sell it.So ibn order to find motivated SELLERS, you need to first understand what a motivated seller is.A motivated seller is not someone that wants to needs to or even has to sell their house.

Where is it leaking, roof composition, pitch, etc? 

And a nice rehabbed cash flowing house with a new roof, hvac, driveway, LVP floors and updated kitchen and bathrooms.

I just bought a new property and I was wondering if I was going to rent this out, what repairs should I make in terms of the roof and should I add an addition?

REhabbed today in jackson on a 40 year old home means in 10 years its going to need to be rehabbed all over again.. let me look at the other zip.. 

With builders offering in-house financing as low as 5.5% for investors/second home owners, and warranties on roofs and HVAC systems, I continue to support new construction as a solid choice for LTR buyers.

I'd have better chances of survival skipping down central ave Tehran with a Yamika singing fiddler on the roof tunes, in Yiddish, than I would just walking through parts of CA carrying a Trump 2024 flag......

We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!

That sets the tone for learning about the future.All the advice here (and there are great insights) will not substitute going out and getting a deal.if you are serious about a future in RE, you will learn from your mistakes in your first deal and you will use those mistakes to help you in your second deal and so forth.Most importantly you will if you enjoy the journey of RE investing.