(Inspectors are generalists, so specialists are essential for plumbing and electrical issues in older homes.)Structural Concerns: If potential structural damage is spotted, hire an engineer to assess it properly.Be Diligent and Proactive: Old homes often require extra due diligence.

If they come and say that your front patio is cracked and needs replaced and that costs $3k.

They replaced the locks, shoveled the driveway, took photos, and are listing it today.

To me, these are no different than college degrees (and some cost as much or more): you wouldn't major in engineering if you wanted to be a marine biologist.  

This isn't merely about replacing your current income—it's about creating an income stream that sustains your lifestyle indefinitely.

Turn the rental around and find a replacement tenant quickly.

Buy good quality things once rather than poor quality and pay multiple times to replace it.

So those fixed costs, like calling a plumber or replacing a fridge, are going to cost more, as a percentage of your rent, to handle.  

Everything else will follow, reverse engineer, and get started. 

He was replaced by David Greene, who I felt was a better teacher.