It will reduce the life of the new shingles and make it difficult to locate leaks for the most part.

I can't imagine life without mine.

Then you need to look at the life cycle of how this investment will play out in the long run should you sell it in 5, 10, 15 or so years and see what each point looks like.

In most cases they are fully depreciated in real life (worthless).

And with a lot of capital, life will be simpler with fewer high end deals, than with many low end deals.

Furthermore, even after the president was told of the lead paint hazards and violations and cited by the New York City Department of Health with an Order to Abate the hazardous conditions, he still failed to maintain the apartment in a safe condition and allowed the peeling and chipping paint conditions to continue, resulting in a second Order to Abate from the New York City Department of Health 4 years later for additional lead paint violations.Does this sound like somebody maintaining their entity in a reasonable and responsible manner?

I put a $300 per unit buffer in cash, and a large expense buffer that is currently invested with life insurance that i can borrow against if anything ever hits the fan.

I am wondering how/if to best use the Cash Value of my Universal Life Policy to assist in getting into RE Investing.

Yes Tony a TRUE Triple Net the landlord will not pay those costs.Lately net lease companies especially credit rated tenants have been more demanding in trying to get the landlord to cover some costs.It is very important to look at the length of the lease and terms and escalations.With inflation if the rent increases every 5 years is marginal and they want you to take care of certain items with the property it can drastically reduce your returns.It's all about what returns you are seeking versus the security and consistency of the payment.Generally triple net will hover around the 6 to 9 CAP range but will not approach the teens in most situations.For those kind of returns you have to usually chase after value add deals but they are much more work than mail box money from a credit tenant.Credit tenants have risk which is why you also research heavily the health of the tenant today you are acquiring the lease and their growth plans for the future along with reserves.

Re-invest 4% to keep up with inflation, and he would still get $80,000/year for the rest of his life without touching the $2 million.