Get yourself a home, pest and roof inspection.

Update Apr 15, 2020, new metal roof and flooring installed!

Update Apr 15, 2020, new metal roof and flooring installed!

CO-VID has shot unemployment through the roof.

As for the property the roof, a/c unit, and water heater are about 10 years old.

When I work with out of country clients I do most of the boots on the ground for them and connect them with a property manager for when it closes.

My capex budget includes roof 25 year life span, floors 10 year life span,appliance and hot water heater 12 year life span, hvac 20 year life span, bath and kitchen remodel 20 year life span. 

Also stay away from big buildings with NN leases because the rent often generated at low cost per foot doesn't give enough room for adequate saving up of reserves to pay for parking lot or eventual roof layer recovering or total replacement.

That way, when an A/C unit breaks or you have to replace the roof, you've already budgeted for that. 

Purchase price: $155,000 Cash invested: $220,000 Purchased this distressed home right outside of University of Delaware and renovated the entire property: new roof, new windows, new siding, filled in an in ground pool, demoed flooded basement and added 4th bedroom, converted half bath to full, refinished kitchen, refinished hardwood flooring, installed LVF throughout home, new plumbing, new electrical, etc.