I'm in Baytown.I'm a truck driver, a little over a year ago, I changed industries and went to work for a paving company so I haven't been affected by the down swing as much as other people.

Things that generally fall into that category are as you mentioned, roofs, furnaces, paving, etc, etc.

There's also physical damage, wear, short-lifetime assets like asphalt paving, bulbs, paint, etc.

Also, the shed is located in the front yard and was built over a paved parking space (as of now, there is only 1 spot for that unit.. if the shed is removed there will be 2). 

I'm the owner of a 4-plex that shares a rear paved "street" with 5 other 4-plex owners.  

It had alot of dirt roads that are paved now..

The place has a lot of work to be done (roof, parking lot pave, updating, etc).After fixing it up we are debating what a reasonable cap rate would be.

We don't have a weekend pave for 3 months and bookings for next year already. 

Who is more intelligent the guy that is paving a road in golden bricks one sweaty brick at a time, or the guy skipping behind him on a nice new path of golden bricks?

The whole street was paved with brick and you could tell that all the houses were very nice at one time.