I would say 90% of them that I hired back when I started did not but could have easily done so.What you need to do is to understand how to determine what is an opportunity.

Then I can analyze it more easily. 

I agree with Doug W. you will not be able to match the existing shingles so if the patch is somewhere where buyers can easily see it then I would replace the roof no doubt.

With that price range you can easily find a home in the Midwest.

Once you cross into this world, your costs of raising capital go up significantly.Another downside with having "money partners" take equity in a holding company is that they become owners of all assets of the company (and inherit all liabilities).You could accomplish your objectives by simply forming a joint venture with an individual money partner on a per-property basis.If you have not done so, give Steven Cohen and George Dubé's "Legal, Tax and Accounting Strategies for the Canadian Real Estate Investor" a read - it's and easily digestible primer on the subject.  

Put electronic locks on entry door to house, and each bedroom door. you can easily change the door codes when someone vacates..

@Asim Alam higher average rents (could be easily 2x-4x more depending on property and location based on some properties I've analyzed with an AirBnB in mind), but also higher vacancy and turnover costs (although some turnover costs are mitigated by an added on cleaning fee).

Hey guys, sorry to ask about the basics but I tried searching and I can't find the answer in the forums easily.

It has allot of nice report features, my accountant can easily work with the files and all in all its just a good and easy to use program.  

Jump ahead 5 years and we had saved enough for our first down payment.So the jump up is I found three like minded people that I spent 5 years getting to know, we had enough cash saved to easily afford our first down payment and feel comfortable that we would have it rented.