hey guys, I have two properties in Indianapolis. both were purchased 2 years ago for around 65K each, and both were bad choices (without being too self-critical...it was in the very beginning) In one of them, I now need to invest 20K to replace the roof, install a fence, and another major CapEx in order to bring it back to the market and find tenants. for the second one, the bid I received was 8K. it's important to mention that these bids have been prepared by my property manager so I believe they are a bit over-price.

I built a 20x10 cedar deck in the backyard, new LVP flooring, replaced interior trim to a craftsman style, painted all of the cabinetry.

So I guess technically it passes as there is a second egress, albeit nobody plans to use it unless there is an emergency.The home is quite a bit old (1800s) and the rear stairs should be replaced in the next 5 years likely due to some rotting that has taken place and some improper care over the years.

My mortgage is at 4%, I put 25% down and put an additional $30k in to it and replacing floors, repainted all interiors and appliances.  

You need to make sure you have enough coverage to replace all those items. 

If it’s defective you replace it immediately.

The tech told me the furnace needed replacing.

It seems that you have a solid income, and are heading towards working yourself, so replacing the income ASAP doesn't seem to be the primary goal.

If it is continuous, then it is a water main problem and you need to replace the main.

I don’t k ow your financial situation, but if you were an educator you can replace that income easily in residential real estate!