Pay 20% down avoiding PMI and improve it with energy efficient windows, architectural roof, landscaping etc.

Him:[i]I have owned the property for 10 years and renovated much of it (new roof, new a/c, plmg, elect panel, removed all old paint & repainted etc.) now I am moving on to other things.I have a management company.

Sounds like the seller hasn't replaced a ROOF recently.What is property management costing?

It needed to be gutted to the studs on half the house and the roof needed replacing.

(light switch to bathroom is outside of the bathroom door entry19) new backyard fencing20) clean out storage21) some parts of the roof does not have a gutter... needs additional gutters22) pressure wash roof and patch up in a few areas...a lot of work eh?

Originally posted by "SADEV":Cash flow is great but you are only a couple of unexpected capital improvements away from a mediocre if not negative return.Yes, if you have to purchase a new roof, you will likely have negative cash flow on that unit for that month.

Sunk $70k in top to bottom repairs, new kitchen, roof, windows etc. and did not borrow more than I absolutely had to. 1031 exchange replacement.

I am planning on redoing the roof and siding of a building that I just purchased, and want to estimate how much it could potentially increase the appraised value.

It needs a new roof.

However town hall says he never pulled permits for any of this as last permit he had was to add a dormer and roof only.So sounds to me like we got an illegal fin attic.