Capex is half of what I use. 10%.My capex includes roof 25 year life span, floors 10 year life span, appliances and hot water heater 12 year life span,hvac 20 year life span, bath and kitchen remodel 20 year life span.

I have a detached garage which is more than three feet from the main structure, however the roofs of the two structures are touching.

Next is Structure items such as how the metal structure is, whats the site moisture conditions, is their tie-downs and what type are they, is it on grade, posts, free-standing, and especially roof coatings.

I can tel you that we rehab 3 bedroom 2bath house from A-Z (Cosmetic rehab + landscaping and HVAC, ROOF) between $15k-$25k.And 2 bedroom 1 bath Apartments in Little rock around $5k to $7k including HVAC. but I do a lot of the contractors management myself.

On top of that, it sounds like you have no reserve saved up to handle vacancies, roof replacement, a trashed unit, etc.Yes, I would recommend you slow down.

When was the roof, HVAC, Hot water heater, windows replaced?

If you are looking to just do some cosmetic upgrades, you are going to search out a property with good "bones" and mechanicals that do not require major CAPEX items...like roofs.

However, the description states that new siding, new roof, and windows have been updated.

Anyone know of what insurance companies will cover a 1950’s home with a low pitch roof?

You will wright them off but as a capital expense over the years like a roof/house purchase etc. once you post the house for rent then anything after that like utilities and basic repairs will be a monthly or same year wright off.