I almost pushed my dad off the roof yesterday lol.

OTOH, if the problems are ones that will kill a deal - bad furnace, bad roof, and the like - then they may hurt the price more than you will get back.This is a place where a good agent is a big help.

If you have 20 rentals and roofs last 20 years in your area, you'll be replacing a roof every year, for example.In your case I'd consider "adequate reserves" to be about $40,000.

Heat/Utilities $42.50HOA $-Cap Ex and Ops $300.00 (My minimum per roof is $150/month.

The same is true for homes with broken windows, lead paint, or a busted roof.

It will need updated kitchen, bath, hvac, electrical, and minor roof work.

Not "Home Run" numbers but...Purchase 79,000rents 1,300 a month insurance 850/yeartax 1,500/yearutilities/basic maintenance (lawn/snow) paid/done by tenants79,000 loan at 5% for 30 yearsnot a knock out, but it has a lot of new work done on it (roof/furnance/siding/windows/plumbing/electrical) within the last 5 years...and it cash flows

It was built in 1952, roof is approx 15 years old, 3 older AC units, 2 older Hot Water heaters, 4 Gas furnaces appear to have 20+ years on them, electric is all up to date, appliances seem almost new.Owner has owned the property for 11 years and wants to completely get out of real estate (its his only property).

My advice is to update the home (toilets and plumbing, AC/heat, & roof) so you won't need much maintenance in the first place minimizing those calls.

You don't want to look at a rehab project like this:Bought it for 30, fixed the kitchen which adds 10 in value, put in granite counter-tops which ads another 5, replaced the flooring which cost me 10, fixed the roof which cost me 10, replaced the windows which cost 5 but adds 10 in value, so the ARV will be the sum of all of this.