You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

However if it is rough and deteriorating/cracking then you might want to budget a high amount for removing it safely (which is not cheap) then residing the entire property.I'd try to negotiate the price down either way!

Investment Info:Single-family residence in Tempe AZ with old deteriorating cast iron sewer pipe. 

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

Since I like wood working, and have made several cabinet boxes for other rentals that needed repair to match existing cabinets, I can always cut new sides & bottoms if/when the presswood starts to deteriorate, and reuse the frames & doors. 

There is nothing worse than managing a deteriorating property with a penny pinching owner.

So often I see people with all this money and success, but their health is deteriorating.

Basically we repair broken items but do not paint, replace flooring, windows, etc. this basically means rent areas will slowly deteriorate.  

Believe me - as a "Titanium Client" for 5 years - I have used ALL of their services, and I KNOW first-hand how Anderson's service has, SADLY, deteriorated.

High prices, anti-landlord laws and a deteriorating condition in many ways, especially downtown.