Sun, wind, rain, moss growth, hail, snow, etc.If it looks dirty or has green moss growing on the north facing side, it might be worth a cleaning...If the shingles are sliding out of place or look like they are starting to curl on the ends, it might be worth a little maintenance.Outside of that, If no leaks, leave it alone.

I have been doing a lot of riding during the past 2-3 weeks looking at homes to possibly invest in or wholesale.

(Although I might surrender)So far, it has been a smooth ride......Except today.

We just went through this for a widespread and very severe hail storm in our area back in May. 

It's not easy but it's definitely worth the ride.

Get ride of the tenants ASAP.

However, you aren't going to be able to ride super fast with training wheels on!  

However I understand.. what you don't know seems scary... but I would much rather go out and HUG my tree's then fight with my PM  LOL.. plus when I want to I can go shoot my guns and let my dogs run.Jay, I'm coming out to visit, shoot guns, hunt and ride some quads! 

i'd spend the $60k and hold on. the market may or may not be softening. but if youre cash flowing, why not ride the waves?

Hi Jason,Just some random thoughts on this to bring your knowledge up a little.Everyone is different in how they do this--sometimes the lender will dictate certain amounts for certain things.Some people ride motorcycles without a helmet, some always wear seat belts.It also depends on how deep you pockets are, a Policeman owning the same SFH as a Brain Surgeon might want to have more set aside just in case.Some make a CAPEX, list for their guesstimates of CAPEX outlays based on the HUD guidelines in years of service life remaining for each item.But in (for instance) areas of high winds, things like roofing replacements and insurance reimbursements complicate this.You need to budget for turn cost, and wear and tear also, (re: wear and tear; carpet physically wears out over time, vs. renter spilling red paint on it--where you would charge that to the renters security deposit).The costs in the future will either come from the renter or come from YOU, vacancies, wear and tear, equipment failures, etc...The ones that will come from you, need to be budgeted for--unless you have deep pockets and the amounts seem frivolous to your expendable income and you believe you can just cover them easily.Some people can afford to buy their secretary a new car for her birthday, some have their families huddling around the table eating one can of cold beans for dinner--Ole' one can of beans might not be able to meet the financial needs of CAPEX when it comes due unless he sets it all aside ahead of time.Good Luck!