From the outside it looks like it needs a paint job, possibly a new roof, new windows, and I am assuming by the looks of the outside it will need considerable upgrades inside.

This $64k fixer upper required windows all around (it would become a theme for me), new roof, new AC, and refinished hardwood floors.

Home inspection went over smoothly, roof was in bad shape, got $2,200 toward closing costs.4.) 

Additionally, evaluate the outstanding maintenance on the property such as roofing, flooring, interior/exterior paint, appliances etc and see what their life expectancy is.  

Either way, it seems that we are going to add this clause (unless I hear a convincing reason for not doing so).As such, I'm looking for a lease clause to have tenants pay the first $x of any repair to appliances etc. excluding major mechanical systems and roof (which are my responsibility.)Does anyone have a similar clause they wouldn't mind sharing?

The leaky ( Roof tar is not the right way to fix things. 

(foundations, roofs, properties with bad systems(electrical, furnance).

If the roof were to need a replacement and the building didn't have enough reserves to cover immediate repairs, you would need to come up with the assessment fee x 11 units to pay for those unfunded repairs.

I am preparing a house for rental that has a sagging roof and needs some structural support work in the attic with the rafters and ridge.

I need a roof redone in fleming island.