There were many challenges that came about after the inspection; from outlets that were not up to code, possible water leaks above the shower head in the ceiling, water pipes from bathroom vanity was the same as kitchen sink with no shutoffs, etc.

We actually have the tenants sign a mold addendum that explains how they are responsible to keep mildew or mold at bay by running exhaust vents when showering, treating visable mildew in window sills and bathrooms with bleach, cleaning the AC drainline, running AC when humidity is high ect... 

RMD will result in $80,000 minus tax for next 26 years until he exhaust the account.

I also have to deal with winter issues and calling my PM to winterize a vacant house so the pipes don't freeze and burst.

Once your earnings level off, or you're exhausted from continuously pounding the pavement, then kick back and enjoy (and save) your income streams that you've worked hard to build.

I cover the 5 cylindrical filters with the same Drain Sleeve filter sock used on drainage pipe.

I have experience as an HVAC technician so I am relatively familiar with the constraints of renovating near or around HVAC systems, how much space is needed if walled off, ventilation requirements, etc. but I am sure there would be other issues like needing a larger window for egress and needing to do a window well, needing a drop ceiling to cover pipes in an already short basement, etc.

So, can you afford an extra $1,000 to $2,000 a year to support some out-of-town guru's pipe dream?

Last few years insurance and property taxes have impacted cash flow a lot.since the property is old every now and then I have had issues such as leaks in pipes, fence falling, and appliances. 

Cons of Keeping - older property, roof has been replaced but there will come a time when pipes start freezing/bursting with age and eventually will have to keep patching those or do a full gut that won't pay for itself.Pro's of Newer Property - Newer build, start time clock over again on key component repairs, higher chance of appreciation.