Once we started construction, we ran into several major problems including a steam pipe running through a kitchen wall that we were planning to open up, a huge leak inside a couple of walls that required the replacing of a whole exterior wall, damaged subfloors, major termite damage that resulted in a replacement of the sill plate in the master bedroom, needing to upgrade full electrical service (and split it into two separate panels) and a corroded water line that required emergency replacement all the way to the street in the middle of winter during record setting cold temps and a snow storm.

For a mere $100 the problem can be fixed in it's entirety, including replacing an entire appliance! 

If you purchased SFH (with no HOA fees), then you would have that extra $150-$200/mo from HOA fees to go to increase your cash flow, save for repairs, etc.2) Have you considered using some of the excess money (current going to pay down the mortgage) and putting it into an account for each property to cover repairs and eventual replacement of items?

I replaced all his windows because we were upgrading the unit next door and I also offered to touch up the paint in his unit too.  

age, location, size, and cost of replacement are all major factors for insurance, unfortuantely your purchase price doesn't matter too much!

The vendor of any land installment contract that contains a metes and bounds legal description shall have that description reviewed by the county engineer.

With the burned wood you need to go through a process (engineering??

The note can be (1) replaced with cash out of your own pocket; (2) sold to another party for cash; or (3) used as part of the payment toward your replacement property.

In addition badly corroded valves for the heating system and replacing the PVC vent pipes coming out of the fuel tanks to fireproof material.

Like me I can replace a filter and a light bulb No problem whatsoever!!