It has a new roof, new windows, new sprinkler system, newer garage doors on the bays, and newer electrical service and panels.

Since this was my first primary residence, I didn't consider the cash-flow potential, however it was a top-floor, water view condo with it's own private roof-top deck, so I felt it had intrinsic value.

Since this was my first primary residence, I didn't consider the cash-flow potential, however it was a top-floor, water view condo with it's own private roof-top deck, so I felt it had intrinsic value.

Outcome was better than anticipated and rents are higher than I expected :) Property came with new roof, AC, hot water, and furnaces.Total rent in 4 units: $3,265What made you interested in investing in this type of deal?

Read to get a general overview of REI when you first start learning and as you begin to find certain aspects of it (buy-hold, flipping, note investing, residential vs. commercial etc) interesting you will naturally want to learn more about those specific things. 

What happens if you need a new roof on your first rental property?

So at that purchase price and ZERO down (80 bank/20 seller) your after debt service income is something like 5k, which leaves very little room for error, one major roof issue or other capex event and you may be in trouble. 

It goes against the realtionship building aspect. 

What are some legal aspects of investing in Milwaukee that are the most challenging for investors?

No underlayment installed under new exposed fastener metal roof.