The following is a partial list of things that wear out or become outdated over time and eventually need to be replaced for every property:-Roof-Siding-Hot water tank-Furnace-A/C system-Electrical system-Plumbing system (inside)-Sewer service line-Water service line-Any concrete exposed to the elements (sidewalks/porches)-WindowsIf you calculate the cost of replacing each of those items and divide them by the expected useful life, then sum that up, you'll come up with a monthly amount that you can expect to spend on capex over the long term.

I have met some really cool people and some pretty shady people but I guess that's how all trades are. 

There was no water damage from the outside elements.This is a short sale home, asking 229,000.

I just didn't want to get into any hot water at closing.

Software engineer...very cool.

he said insurance is roughly 700 each yearly. he said tenants pay all expenses and pay extra for their electricity and water and stuff. what else am i missing?

There was no water damage from the outside elements.This is a short sale home, asking 229,000.

You might get at least an idea on how much life the roof has left in it, and how old your water heater is, HVAc, heating system, etc and figure out a number to set aside for replacing those someday. 

There was no water damage from the outside elements.This is a short sale home, asking 229,000.

During the inspection we noticed some water seepage in the basement.