Upstairs there's also some updating that needs to be done, drywall repairs, flooring replaced, etc.  

I also need to replace the pool pump at this particular property as its around the same age and is on its last leg.To fix the compressor (replace the compressor) it was $2,200, to replace the whole AC system is $5,700.  

I had a PM who kept the money until the fifteenth and almost got replaced because of it.

I can also stipulate the amount of coverage I want versus paying for replacement coverage in order to keep rates in check while still covering my investment. 

You will see this in almost all lease templates.One way it helps landlords is when a pipe breaks and ruins their big screen TV and they call you to replace it, you can say "As stated in your lease, we are not responsible for your personal items.

Today I will post some pictures of house two and three I got a new phone about six months ago and have no pictures of house one.House two: This is after putting a roof, two weeks after purchaseHouse three:This is the main bathroom on the main floorThis is the main kitchen This is the kitchen in the basement ( sorry its a bad picture) Two weeks after buying the house, The contractor took the old plywood of to replace it and found this (don't know if it works yet)As far as how I got here...

I belong to a condo association with similar financial problems, only it is main line sewer replacement throughout the complex instead of roof repair (although they had a huge special assessment for new roofing and siding several years before we purchased).  

I sourced a replacement (about $50.00) and installed it in 10 minutes.  

The Lease needs to be clear in its definition of what you are trying to accomplish here which is that the Tenant pays for all of the operating and maintenance expenses of the property.In addition be sure to include an understanding of who pays for major capital replacements (not just maintenance) such as replacement of the heating and air-conditioning units, water and sewer lines, electrical mains, roofs, glass, etc.

To sell in a rising market means that replacement properties can be scarcer and more expensive.