Flood insurance is just one aspect of the equation. 

Would like some advice on this deal - thank you in advance SFH under contract for $106k (current owners purchased a year ago for $59k and did lipstick on a pig) - neighbourhood nice b /C class neighbourhood - little crimeInspection brought up a few things Asbestos tiles in the basement, im told they are fine but I would prob want to epoxy over them to be safe though not needed supposedly I just dont want to have anyone at risk ($1500)Roof will need to be replaced in the next year ($8-9kish) and chimney needs workGarage door needs to be replaced (has a hole in it) ($700)Stairs and driveway need to be addressed - very bad trip hazard, driveway needs serious work ($2k)Had drain scoped needs to be cleaned out ($500) but otherwise goodAC is working but on the way out in the next yeara few windows needs to be replaced and smaller stuff etc - looking around 15-20k out of pocket to get home up and running Now all done up this home will appraise for $120-125k and rent for 1400 a monthhowever and I understand the sellers want to make some money (home was sitting on the market for awhile) but this is a pretty big list of big expenses and while I dont mind taking them on to be all in with zero meat on the bone from an equity standpoint seems not ideal as I will be locking around 40-45k up in the property (from DP and fixing cost) and homes in this area appreciate around $1k a year - so not much appreciation potential Insight appreciated - thank you for getting this far

Purchase price: $505,000 Cash invested: $125,000 Sale price: $550,000 Performed the following renovations:-Roof replacement-Converted doorway into an open archway-Kitchen replacement including flooring and moving and running water lines-Converted window into a patio door with patio steps-Lighting & electrical panel and fixtures-Painting exterior / interior-New Gutters-Carpentry-Landscaping

There was a recent assessment for roof replacement that the seller has agreed to pay off for the roof replacement. 

What if your roof is shot in year 5 snd you spend $5,000 replacing it?

Hi guys, I am trying to have a roof replaced on a 2-family property n Albany.

The one thing that worries me is that house is shake on shake, no plywood sheathing etc. same for the roof.

A back corner of the garage is rotted, there's a hole in the roof, studs are visible on the walls and it needs a total rebuild.Who do I contact first to begin the process?

A back corner of the garage is rotted, there's a hole in the roof, studs are visible on the walls and it needs a total rebuild.Who do I contact first to begin the process?

Two years of that lost income would pay for a new furnace. 3-4 years would pay for a new roof.