If you got a house thats 15 years old +, you'll lose all your profit when you replace that roof.

We did all new electrical, HVAC, plumbing, roof, foundation repairs, drywall, paint, flooring, three new bathrooms, etc.

Based on what I saw on my walk through, the vacant duplex needs a lot of work, such as new roof, windows and siding.

Also, if there are larger issues with the HVAC (or annual service), hot water heater, roof etc.

Also make sure to tell your insurance provider about any other damage that was caused as a result of the leak (flooring, baseboard, drywall, paint, etc).I've only filed 1 claim and it was on a roof, the cost to replace was around $10k.

Property values have gone through the roof, rents have skyrocketed, but will it last?

Roof fixed 3.

That 30 year old roof and 50 year old furnace won't care if you can afford replacing it or not.

7 months is way too long cause you started it when everything was selling, I think you spend way too much for renovation, unless there was no roof in the house and you had to replace many joists.Market was crazy and many houses sold in the same week where I would not even go pass 5pm.You are too late on the letting that agent go but it might be also your renovation quality.Hard to know without knowing the details.

One thing about America is there is always some new government program if people really do need help paying for a place to stay and I am sure between you, the renter, and the millionaire putting heads together this tenant can find a new roof over their head without you having to feel obligated to be so far under market value.