Hi Nazz,That number will vary a lot depending on whether it's just one existing layer and you can put another layer of shingles on top of it vs if its a complete tear off with new plywood needed.

I'm going to assume he does though because that would add a layer of complexity to the situation.

Overcoming them and properly preparing for what you can is vital.

If you qualify for a traditional mortgage or loan, it may be worth the extra layer of fees and work to go the traditional route for your first few deals. 

I like the added layer of insurance for only a 150$ dollars a year

While removing the carpet, however, i discovered underneath the carpet was a layer of stick on tile, then hardwood floors.

Personally, I am reluctant to get into a property that has extra layers of 'government', unless that condo association is really providing a value to you that makes your rental business in this location work better.  

In that situation you are creating another cash flow stream for the portfolio.Anything under 100k profit after expenses it is hard to be absentee owner as not enough to layer in extra management to be more hands off.

As an extra layer of protection you can use a deposit only account and then transfer the funds to your operating account online leaving only a small balance in the deposit account in case it ever did get hacked or accessed. 

@Nick R. meaning there are 2 layers of shingles on the roof?