I am finding even though you dont really hit the rules that are on BP. 1%  2% was 10 years ago.no income tax. and property Taxs half or more of other markets so cash flow is not as bad as some would think when you add that all in. plus late model houses which are all built with stucco siding and tile roofs and NO hail  and desert landscaping and soil that does not move..

Solid foundation and roof so cap ex is great.

To unlock the equity you are going to need to either (a) sell the property, or (b) get financing through a cash out refinance or home equity loan.Bottomline -- The best way to make money in real estate is to purchase properties below market value.

My tenant informed me that a raccoon got in to the roof last summer and he now has bug infestation.

I’ve literally fixed everything on this 4 unit fromthe foundation, to the roof.

Last thing I need is bad tenants or a leaking roof.

What is more important watching the game, or having a roof over their head?  

I am assuming I will have to remove part of the ceiling above the kitchen to access the drain lines to the bathtub and bathroom sink.Do I need to acquire permits for this job and what would be the best way to go about replacing the whole cast iron pipe from the roof down to the crawl space.

New roof, new flooring, new interior & exterior paint.

You should always put eyes on the home every year and it should be detailed, looking in every room, closet, roof, etc.