This building needed new roofing.

And we replace a lot of the major CapEx like roofs, hvac, exterior paint, etc that seem to cause more headaches. 

Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.

The house has some great pros:• Newer 2000's home with renovations in the last 4 years• Renovations include: paint, lvp, toilets, vanity, ceiling lights/fans, roof and HVAC• Tenants look like they are up keeping the house decently.

He self-manages, is his own handyman and had to pull out the little equity he gained to pay for roofs and HVAC. 

Depending on the exact location, age, roof construction type, etc, there definitely could be a few things to watch out forAssuming the roof is of a reasonable age, it's still more than possible to cash flow with these properties, even after accounting for recent increases in insurance rates that we've seen.

I used a business credit card to pay for a new roof and will use it going forward for all repairs and replacements of items. 

So, as a matter of practice, I would always include those utilities in the rent if they are a flat fee utility such as garbage.

I found this on their web site:Our company Tax Alchemy provides tax planning and implementation services as a flat rate fee based on the tax strategies needed to reduce your tax bill.

Typically flooring guys charge a flat install per square foot and then more for stairs.