Tenant suffers damage due to flood for failure by landlord to inform him that the property is in 100-year floodplainA 100-year floodplain refers to any area of the land designated as a flood hazard with 1% or greater chance of flooding each year by the Federal Emergency Management Agency.

To find deals that meets the stricter criteria means you may be looking for a while in frothy markets.Those that assume the future will be rosy, have a high likelihood of failure when the market turns.

You want to make sure the mechanicals are all new and that the taxes have been reassessed and are valid.

i’ll buy & hold properties a mechanic shopkeep upgrading the businesses sit on reserves 

I updated the bathrooms, floors, kitchen, Mechanicals, sewer lateral, Paint, doors.

I would absolutely use the pipes as a hit against the property when negotiating to try and justify a lower purchase price, but I would wait until there was a sign of failure to replace anything. 

The single property is a single point of failure.

Not only will appliances and mechanicals need updating, but linens, furniture and decorations also need updates over time.

It is required to have a building permit/inspection and hire licensed professionals for Electrical, Mechanical, Plumbing, and structural engineering for load bearing, gas line work, and septic systems. 

New mechanicals.