Network Engineer | Project manager.

The new stuff goes to cater your guests, when they get old you bring those home and replace them with new.Let nothing be broken or worn in your VHR. 

So if the water heater breaks down due to age, then the landlord needs to replace it.

Failed $200 repair vs $700 to replace. 

That means you are liable for replacing it when the tenant leaves. 

Since it was going to be our primary residence, our standards were probably slightly different than they would have been if it were just an investment property, but we found that most multi-family properties in the Houston area are being town down and replaced with townhomes.

I am an accountant who switched majors from electrical engineering to accounting because I found the math was too difficult in electrical engineering.

Painting sure, replace plumbing, new breaker box, definately not. 

I graduated last year with a degree in Mechanical Engineering and have a full time job. 

The house is on the waterfront , it flooded 5 years ago , everything in the basement was replaced .