If I continue to hold the portfolio I will have to start replacing roofs in the near future. 

@Andrew Kensmoe, Its not really going to matter how you purchased the replacement properties. 

However 60A is considered underpowered for modern electrical systems, most are 200A these days.

Have painting, electrical and counter top replacement work for a property.

Some of these may be repair items, others are Capex, but it all falls under similar work, in my eyes, i.e. paint will always be a "repair" from an accounting standpoint, but there are the turnovers where I can just touch up spots, and then every 5 years or so, I need a full interior repaint to bring the color scheme back to modern aesthetics.  

Long term, my goal is to completely replace the sales income with my personal investments, but short term is also to invest in LTR/STR's in the Fort Myers/Cape Coral area.

Hello everyone, I am analyzing multifamily deals using a modified spreadsheet I found online, and the spreadsheet has a reserve account that is taken directly out of of the NOI called "Replacement Reserve".

Wife and I look at age of carpet   If 10 years old we may replace.  

From what we hear from fellow landlords in the area, there is high demand for rentals, so homes that are well-priced are going quickly.This is the address: 4726 NE 89th Ave Portland, OR 97220.Brief description: "Charming 1920s bungalow includes 4 bedrooms and 2 full baths with tasteful updates that combine classic features and modern amenities.

It allows me to stay at my job a little longer until it is able to replace my W2 income, then I am out!!!