One problem is, rather than replacing the rotted metal roof with another metal roof, the previous owner just boarded off the built-in gutters and put asphalt shingle roof on.

@Mark Gallagherdo you know why they stopped doing HomePath and what, if anything, replaced it for investors? 

I think if we found a replacement house and got it under contract, we could put this house on the market but my husband and I are too picky to rush.

The property was built in 1999, but the seller has said they have completed remodeling each unit, some newer water heaters & appliances have been replaced, believes the roof is original along with other systems.  

Nearly everything in this place needs work or replacement, but somehow I see potential. 

One of the real estate strategies that was taught to me was that you get all repairs, big and small, done in the beginning, roll it into the financing, and then sell after five years (supposedly when things start to fail and need repaired/replaced).  

We have some concerns with considering expenses in our model, specifically with replacement reserves in comparison to general maintenance, how much to set aside for reserves, etc.Thank you!

You will know it is done correctly when what you had typed previously is replaced with their full name highlighted in blue.  

I used this guy 8 years ago and he was 1/2 the price of ASi:  www.cariniair.com/ Carini Heating and Air Conditioning is a San Diego HVAC offering heater and air conditioner repair, replacement & installation.

If that's the case a good contractor can replace moldy materials, treat the rest, and apply mold preventative coverings/sealants to the treated area.