It wasn’t a detailed plumbing drawing- he had shown one line going to all units while the contractor pointed out that it is better to show individual lines to each unit as repairs and maintenance are easier. and some towns even require it . 

If you decide to self manage and want help with other functions we can totally help out.We also buy and sell real estate (candor realty), have a repair and maintenance company (CMR Construction) (includes snow plowing, lead abatement and full fledged rehabs) If you need any of those support services please let us know.

If selling is on the table, a 1031 exchange could allow you to defer taxes and reinvest in properties with better cash flow or lower maintenance needs.Since repairs are mostly handled, it might be worth reviewing your rents to see if there’s room to increases/ways to improve cash flow.

If a major expense comes about (i.e. roofing repair, hvac, etc) we would split that as well. 

In general I'm saving for repairs to the property, but we all know that this covers a wide spectrum.

Are you certain the after repair value will justify this $40,000 budget?

In the past, Kipp has been very helpful and responsive and has given me help on repair costs from the past 2 tenants I have had that have been no good.

Online Facebook groups can be fruitfulOnce you find a property things tend to move fast so have a good contractor available to help you estimate repairs. 

Property had lots of repairs needed and sold as is.

The chimney contractor replaced the cap, but requires the branches be trimmed before he can perform repairs on the chimney because it is still leaking into the fire place after the cap was replaced.