Cash Flow: Older Property: Yes, an older home might need costly repairs down the road, such as roofing, plumbing, or electrical upgrades.

Plumbing roofing electrical hvac water heater everything is new so Im not expecting nothing major for at least 5 years.

Each unit has its own electric panel, gas meter, furnace, water meter.

Just bought my first 3 family in Boston, and I have caught the bug.

Originally posted by @Jay Hinrichs:@Ben Leybovich  I bought an X as well.. doors are worked out .. awesome car.. dual electric family  Good for you!

The plan was to complete flooring, electrical upgrades, new kitchen and bathroom, exterior fascia work, and some new windows, with a target listing date of June 15th.Update (5/12/24):The property has been stabilized since June 1st of the previous year with great tenants in place.

Being a very handy person and an engineer, I feel confident that I will catch all issues.For example, I just noticed that I have a couple of loose electrical outlets.

Electrical panel/updating wiring throughout house3.

Ideally, they have experience with electrical, HVAC, plumbing and management. 

And then there are also  sewer scope fees, and if your inspector recommends other inspectors to do inspections on things like the plumbing system, the roof, the electrical system etc... those have to come out of your pocket also- if you're going to pay for them.Does your lender require a Phase 1 Enviro; How do you intend to pay for that?