I tell tenants before they move in, and it's written in my lease agreement to contact me immediately with any maintenance issues so I can address the problem.I had a tenant once that let a leaky toilet keep leaking until she got a 500.00 water bill.

Roof is in need of replacement ($4-5,000) and could use some carpet replacement and made some laminate flooring and misc, paint, cleaning ($2,000) Property should rent for $700-$750 Per month.

Outdoor vinyl siding 4 yrs. old, Needs carpet except Br's roof approx. 15yr old.

This deals is a very good deal for Houston right now using the MLS, IF your rehab is only 4-8K (the photos on MLS did not show the roof, a/c unit, foundation, or water heater) so that is the big question.Rents in that subdivision in the last 12 month for 3/2/2 are $1120 (4 days on market) to $1300 (18 days on market) so you should have no problem on the rental end.PM me and I can refer you to a property management company here that are investors themselves and have maintenance personnel on staff.I hope this helps.

New roofs, paint, carpet, counters, cabinets, etcRent: $40,800 yearly ($3400/month)Expenses and Vacancy: $20,000 (using information from seller)Mortgage Payment: $9,224Pretax Cash Flow: $11,576Cash ROI: 16%Cash/Door/Month: $188Any comments would be appreciated!

Anything that is decent, multi million downtown buildings, sfr , commercial.Pretty much anythjng with a roof and plumbing.They believe in the city and are holding for centuries.

There were 3 major leaks in 3 separate rooms during the one year that we were there.

If I don't fix it, when the temperature is up, I will have a leaking issue causing much more problems.

I am thinking things like installing flooring, putting up cabinets, running new water lines, even roof repair.

Hey guys (and gals) I would love your input on this apartment complex I'm looking at.It might possibly need a new roof in the next couple of years.Here is the data:Gross actual rent: $250,864All expenses (not interest or depreciation) was $134,172The owner is required to pay the water bill which was a nice: $29,343Taxes were also a nice: $23,520.If I assume debt of $1.1 mm at 5% for a 20-year amortization I get $87,120 in debt service.So this is my math:Gross actual rent: $250,864All expenses (not interest or depreciation) was $134,172Debt Service: $87,120Net Cash Flow: $29,572Debt Service Coverage would be 1.34