New electric, plumbing, furnace & roof.

It is a good community to network and learn about all aspects of real-estate investing.

We are climbing roofs, poking the walls, peering around corners, twisting knobs, crawling through attics and crawlspaces and taking an epic amount of pictures.

For example if the roof on your rehab costs $10,000 to replace but the roof is 15 years old they will likely give you substantially less than $10,000 in a payout if you have ACV but will give you $10,000 with RCV assuming its a covered loss and you met the coinsurance requirements. 

The main thing is a possible roof repair/replacement.

The building itself is in great shape, with a new roof, new electrical, new windows, new boiler, and is 100% occupied.Generally most of our real estate purchases are cash so we are not very experienced in finding loans, let alone multifamily or apartment loans.  

We only had to do inside rehab, plumbing, electrical, countertops, flooring and paint and replace the roof on one building and repair the TPO on the flat roof on the apartment building.

Not to be a smart *** but I am Seventy years old and can still work my 20 year old grandsons in the ground I do all my own work including roofs.

That's what I was missing, forgot about the inspection and appraisal aspect, as then the bank may, 1) take a while to appraise it, 2) Disagree with it's value and reject the loan, the whole deal falls apart.

I've done flips, but this will be my first buy & hold and want to learn all aspects of rental property investing before scaling.