Please advice.Price $250,0002 FamilyRents: $1,200 per unit2 – 2 beds unitsBrickAge of roof unknownTaxes: 5,300Age of the property: 72Garage and DrivewayNothing to do but to move in (unless you want to update the kitchen)Very well taken care ofUsed to be oil tank but now removed and converted to Gas1 meter for both units – water and gas (the seller splits the bill between two tenants)1 unit if rented at $1,2001 unit is vacantThe roof is still good but in the next 5 years might need some work.Thank you

The report revealed it needed a roof as well as the structure below the asphalt shingles, there was mold in lots of different places, issues with plumbing and electrical, and more.

The home has a 4 year old roof and was structurally sound.  

The house you select doesn't need to be perfect, but try to buy one that only has deferred maintenance issues like paint, roofing and maybe a new HVAC system.  

It's about a 40 year old property with signs of siding and possible roof repair needed, and the HOA seems far less than responsive - so I'm concerned.Am I going to end up funding my own exterior repairs?

Utilities not onInoperable heat supplyMissing or insufficient weather-strippingLoose or torn carpetMissing or cracked electrical outlet cover platesCracked or peeling paint on wallsCracked or broken window panesMissing refrigerator kick platesEvidence of roof leaks/pipe leaksDirty stoves, ovens or walls and unkempt perimeter surrounding houseInsufficient bath ventilation and inoperable smoke detectorsLeaking faucets or plumbingNo temperature/pressure relief on water heatersYou screen your own tenants, then you submit the paperwork to have a tenant approved by the Housing Authority.  

So I put a outrages offer of 10K not really thinking I would get the house, two days later the bank accepted the offer and I got stuck with the home. lol  The roof, porch, siding, and interior had to get gutted, at this point still getting worked on..

Was it caused by a leaky roof or window? 

Plus my roofing crews.  

We've paid special assessments year after year and the HOA board doesn't think anyone will want to pay for this roof repair because each unit already paid $2.3k in repairs for our south roof last year.