Do you call contractors to find out how much they will charge for a new roof?

A capex budget needs to include but not limited to: roof 25 year life span, floors 10 year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen remodel 20 year life span.

Second, due to there being an overall shortage of houses in the housing market in our area, we are going to need to wait to find something good.

Capital) items like roofs, HVACs, flooring, siding, etc. 

Account Closed - The four-plexes are a great way to go in the current market but you're going to need just a bit more than $90k to come in with the 25% down requirement.

What are the "reserves" how much money is in the bank for those items the HOA is responsible for, ie: roof repair, streets, painting, etc. 

It already has a new roof and the heater is only halfway through its design life.

.) , in a condo if the reserves are too low there could be a big capex expense (pool, roof, parking lot...) resulting in an assessment. 

One major long term repair will be the roof. 2001 build and is original.

View report*This link comes directly from our calculators, based on information input by the member who posted.Up and down duplex, the property is located 5 minutes from a University, middle school, and there is talk about building another school 5 minutes away No vacancies in the last 2 and a half years according to the property manager, new roof last year, the siding looks like it's in good shape.