I have another investor that doesn't want a roof with less than 10 years, but the nastier the HVAC the happier he is because it smells like money to him.

.~5% vacancy rate.Mortgage/taxes/insurance cost $1250/mo.Tenants pay electric, heat, and water.New roof 2016, but the propterty will need maybe $5K of work in the next 5 years.Duplex is in an "A" neighborhood, but appreciation has still been slow.Currently, the loan is being paid off about $5K per year.Please, any advice or analysis would be greatly appreciated!

I would also not be so distracted by the foundation that you neglect to consider the other issues...Mold probably means either a bad roof, or faulty construction (in the basement, it might be the same issue as the foundation).

But thats the current plan, a lot also hinges on timing of our next property, and really how much work it is going to need.  

@Moises Villasenor so how did you arrive at your capex number.My capex budget includes but not limited to: roof 25 year life span, floors 10  year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen 20 year life span.

Roof is 10 years old, one of the two furnaces is brand new (second is probably on borrowed time), one water heater from 2015 (second also on borrowed time).

.:/) Down Payment $27,980.00 (20%) Total Investment $37,980.00 Amount Borrowed $111,920.00 Unit 1 (3 bed/1.5 bath) $525.00 (rent we charge for our other properties) 3 $1,575.00 there's also a garage that I didn't know how to work into the numbers, or if it even should be worked in Total Investment Loan Investment Interest Rate(%) # of Payments Monthly Payment Notes $37,980.00 $111,920.00 4.88% 360 (30 yrs) ($592.29) Amortized Loan Total $671.25 (month) $8,055.00 (annual) Water/Sewer $40.00 $480.00 Trash $62.50 $750.00 every 6 months (750/2) Taxes (iffy on these #s) $267.50 $3,210.00 Insurance (iffy here too) $65.00 $780.00 Heat $- $- tenants pay Electric $- $- tenants pay Vacancy  $78.75 $945.00 (5% of Income) Management (we manage) $- $- (10% of income) Maintenance $78.75 $945.00 5% of Income Capex (roof, etc

The main positive is that we are able to offer the number of beds/baths "essentially" under one roof.

If every 80K house seems to need this only one tile guy you know, who only works in "gold inlay", is only available on the months where Cicadas are crawling about and nobody else "is worth it".

I'm looking to wholesale first, simply for the fact it seems to need the least capital to get started but that doesn't mean that's the only way I would like to get my 1st deal.I'm currently in the Information Technology field, and look for deals whenever I can.