First off, they shouldn't have been Replacing a roof if there's a good chance of storms coming through that day! 

Total renovation roof to basement. 100% occupied section 8 rentals from two local agencies.

If you don't have a primary residence yet, I would highly recommend house hacking first.This is a great strategy to use low money down, get into an investment property, have a roof over your head and still keep a large portion of that inheritance. 

I am going to go and try and look at it tomorrow, peek in the windows, look at the roof. 

You buy at a small price thinking high cash flow yield but then do not factor to renew tenant will likely want new roof, parking lot, etc. at hundreds of thousands of cost.

Hi John - We do have one property that will not be profitable or just about break even in 2024 due to all the unforeseen maintenance items:  pool heater, roof, pool fence, handy man over a dozen times, remodeling took 3 months instead of 3 weeks, etc. 

I've seen a few clients get screwed when they acquired properties and State Farm had issues with their roofs (the roofs were fine!!). 

Let's say it's a roof, and the roof has been on for 20 years and now needs replaced.

Here in Florida, all the roofs replaced and car windshields have driven up pricing also.The only way it does go down is if we get more providers.

Having 1-2 go-to vendors for the highest frequency problems… plumbing, A/C, septic, electrical, and roofing, I can pretty much make a 2-3 minute phone call and pass the problem to someone who will solve it with little more input required from me.