I am always of the opinion that we have to go with our gut feeling as landlords: even if the credit is perfect and the income is great, if the tenant is not giving us the right vibes (remember the movie "Pacific Heights" ?

The main thing I am taking away from everybody so far is that the repairs I am doing now are not unreasonalble for future considerations (which relieves some anxiety) and that I need to consult with my electrician before doing any modifications to the systmen - regardless of good intentions!

Personally, I think the roof pricing is a bit high (unless slate removal is considerably more labor intensive)

Another consideration is that as a foreign investor not residing in the US, you will not have some of the deductions allowed to residents of the US.

With the amount of growth our area is seeing take into consideration appreciation (about 6% in Wake County).

The economic cycle we are entering should be a strong consideration as well.

Cozy is a good tool, but there are definitely others worth giving some serious consideration.

I have also taken into consideration chfa grants and tax incentives for 2-4 units. 

Another consideration, besides final project value, is the time value of money. 

This also allows me to assess, their ability to comply with simple requests, their consideration when coordinating with others and get a measure of their punctuality.