The loan is just one component of the car.

There is a component of our electric bill that covers running the well pump and we must purchase salt for the water softener but water bills are quite high where I live and are constantly increasing.

On most of my properties I calculated this out to over  $110 per month based on average component failure rates and the replacement costs.On most of my properties I am budgeting 20% gross rent for combined Expense and CapEx.  

This includes inspections, environmental Phase 1 (possibly Phase 2), attorney fees, bank fees, etc.

Three words: Environmentally Critical Area.

A deal has lots of components and a DD fee is one of them.

Heat breaks down building components. 

It is like an hour glass watching your money disappear and 30 years your broke if all goes according to plan and you don't retire when the market dips.However, the rental yield component is typically considerably higher and more stable than the dividend yield of equities so that total returns are of comparable magnitude.

There is nothing wrong with older homes but there is a lot wrong with older mechanical systems, plumbing, electric, gas, and other CapEx items like windows and a roof.These use lots of maintenance issues, are costly, and can ruin an investment.You should know how to check a main line, major structural components like a main beam and floor joists, foundation walls, how to check for Galvanized plumbing from a second floor, knob and tube wiring, old galvanized drain lines, lead paint, asbestos tile.Don’t take on a major renovation as a newbie.

The bill requires the EPA to establish environmental standards for residences, meaning a federally dictated one-size-fits-all policy for greening every home in America.