know the age of the furnace, ac, and water heater. make sure the plumbing, roof, and foundation are good. if you do your homework and it checks out... i would say you have a solid deal. unless this place is hot and getting a lot of offers, i would ask the seller to pay some of the closing costs too.  

Newly shingled roofs and all duplexes are located in their own sub-division.  

This property has been well maintained and had a new roof put on four years ago.The biggest repairs I see are possible electrical update in one building and some Decks that need replacing on the outside.I see value ad because of the low rents and could possibly add covered parking or storage to increase the NOI.

Look at your eaves and the condition of the roof in that area.

@Bill Loeb If you are willing to do a little work on floors and roof, I have an excellent property in Pittsboro for you to consider. 85 W.

However, if the roof is less than 10-15 years old and everything else has been upgraded in the 70s or after I would think you could find a good traditional policy.

The roof costs what it costs to be replaced and when it does, the roof does not know nor does it care how much rent is on the house.

It has a new water heater, furnace, roof, and electrical wiring. 

.$1,397.35Repairs:The roof looks good from the street, however it's about 15-20 years old so I expect to replace in 5 years or so. 

I would say most have war stories.... my worst one is a bus fell onto the roof of the mountain rental 2 days before closing (yep!