Cash Flow: Older Property: Yes, an older home might need costly repairs down the road, such as roofing, plumbing, or electrical upgrades.

Plumbing roofing electrical hvac water heater everything is new so Im not expecting nothing major for at least 5 years.

Each unit has its own electric panel, gas meter, furnace, water meter.

To understand this breakdown and focus energy to finding and hiring that 5%. 

The plan was to complete flooring, electrical upgrades, new kitchen and bathroom, exterior fascia work, and some new windows, with a target listing date of June 15th.Update (5/12/24):The property has been stabilized since June 1st of the previous year with great tenants in place.

Being a very handy person and an engineer, I feel confident that I will catch all issues.For example, I just noticed that I have a couple of loose electrical outlets.

My biggest tip would be to attend in-person meetups; we actually have one coming up this Saturday if you are free: https://www.biggerpockets.com/forums/521/topics/1209859-lear...There is something about meeting like-minded people in person that really seems to create a positive energy. 

I had read 50% is a fair number to use for calculations which would raise the NOI by, drumroll...15%, but this is purely speculative) and perhaps the funds or energy to go through an upgrade if they're looking to get out of it anyway.

Electrical panel/updating wiring throughout house3.

Ideally, they have experience with electrical, HVAC, plumbing and management.