Needs new roof, 3 piers replaced for the Addition, and 5 poles replaced in the basement. 

I know people at each one of them, but I have no affiliate relationship with them.https://www.biggerpockets.com/co/blue-roof-holdings-llchttps://connectedinvestors.com/company/investors-capitalhttp://www.cardinalcap.net/

For example, if the roof was a wreck and each unit needed $5k in repairs, did you have $40k for units renovations and $15k for the roof (total of $65k)?

Needs new roof, 3 piers replaced for the Addition, and 5 poles replaced in the basement. 

Putting on roof $2500 diy, but permit and crane needed to get unit on roof and it is dangerous.

However, we're well aware that no traditional lender will be likely to approve us for a second mortgage so soon after acquiring our first one since it would make our debt-to-income ratio go through the roof.

HOA cuts into cash flow but includes all outside maintenance roof.

Purchase price: $55,000 Cash invested: $70,000 Sale price: $173,000 This was a medium rehab where the roof needed to be partially repaired, extra 1/2 bathroom added, cosmetics, & flooring was done.

Purchase price: $55,000 Cash invested: $70,000 Sale price: $173,000 This was a medium rehab where the roof needed to be partially repaired, extra 1/2 bathroom added, cosmetics, & flooring was done.

Condo fees can also increase at the drop of a hat or they can hit you with a special assessment to pave the parking lot, roof the building, or some other major expense.