They are probably out there and could help save everybody any expenses for excessive water leaks and put those places on your regular inspections. 

I would recommend a triple net lease (NNN) where the tenant is responsible for paying additional fees - the property tax, all maintenance (including or excluding the roof - (your choice) and insurance on the property.

These are reserves that you set aside every month, so that when something eventually needs replacement (i.e. roofs, foundation, HVAC, electrical, plumbing, etc.), you have the reserves set aside to pay for it without killing your cash flow for the year. 

.#3 Contact Local Contractors for Labor PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

The buyer also benefited because they were able to add a new tile roof for 1/2 cost.

The septic was completely degraded, and our air conditioning system was leaking and had rotted the flooring in our hall and in two bedrooms.

. - Are lower margins for condos worth it due to not being responsible for the roof, siding, etc... - Are there any decreased value on these properties due to the ongoing HOA fees even after paying off the loan?

.- Are lower margins for condos worth it due to not being responsible for the roof, siding, etc...- Are there any decreased value on these properties due to the ongoing HOA fees even after paying off the loan?

I represent the owner of a recently renovated 12 one-bedroom/one-bath, living room, dining room, new modern kitchen apartment property located in the Plaza Midwood area....everything has been replaced.....extremely nice renovation....new roof, new bathrooms, new kitchens, ring doorbells and smart locks....looking for a master lease group with experience and capability.....let me know if this could work for you.

My thought is that maintenance/repair would stay the same, but eliminate the cap ex since the HOA covers those types of expenses (roofs, sidewalks, exterior painting, etc).