On-going maintenance is operational, major rehab or replacement is cap ex.

Renting out one room to my cousin and the other to a friend and their rent covers the majority of the property expenses.

There are no major work currently, but what are the regular maintenance and cost of the well/septic, such as inspection, cleaning, testing, etc?

If this was in a major metro in AZ, I'd say to PM me, but I'd go with who you've got or maybe contact American Life Financial (notsohardmoney.com) and see if they are a play.

OK, this is one thing we do in our target area, just outside the 'Burgh.A number of properties in our target area have old tiled tub/showers and the same three-handle water supply control systems with behind-the-wall valves they had when they were first built in the late 1940s, during the second major housing boom of the city's history.

I rented a property a couple months ago and the majority of applicants were looking for 3 bedroom homes.

.- In no way am I calling into question the business model of TK companies, but have all of the major systems been upgraded?

What are some of the major rehab costs you've run into while flipping or rehabbing distressed properties? 

I use 10% until I have the property inspected to determine the current condition and life expectancy of all major components and appliances.  

A MAJOR reason why most real estate investors fail is the inability to evaluate the numbers correctly and determine if a potential property is a good deal.