We also had to replace two rotten walls and some rotten floor joist and subfloor.

Now my focus is on heavy rehab mix use/ multi-families that can be delivered below replacement costs and  $400/sf+ outsale new construction opportunities.

Even if your goal is to replace a W2 income, that only works long term if you are making money.  

The HOA takes care of everything outside of the studs and I save enough to just replace anything that breaks and skip the repairs. 

It’s guaranteed that you will need to replace roofs, HVACs, appliances and many other components.

For instance, not knowing what type of panels are on the naughty list in the eyes of the lender will trip you up during a DD period if you haven't underwritten your line item expense of replacing them.

When people replace their old homes, you can possibly get those fairly inexpensively if they fit your spaces...Best of luck!

Replacing a sewer lateral is easily a $7500 repair; it's probably closer to $10k, and personally I would have prioritized it over t+p. 

Post-Milton needing to replace single family home roof on our investment property.

And in second, setting up a "plan Z" where if all else fails what does get "burned to the ground" is replaceable, and the wealth center is protected on it's "asset island".