I guess my strategic plan is to update the units one at a time and hopefully sub-meter the water.

List Price: €60,000Offer Price: €60,000Sold Price: €60,000Offer Date: September 27, 2019Closing Date: November 7, 2019Condition: Vacant 5 years, electricity and water on, original state, needs rehabSquare meters: 79sqmYear built: 1954Rooms: 4Bathrooms: 1Elevator: NoParking: StreetYearly Taxes: €242Monthly HOA: €20Home Insurance: €127Closing Costs Breakdown Agent Commission: €3000 (5%)10% ITP Tax: €6500Notaria/Gestoria: €163Total Closings Costs: €9663TOTAL: €69,663 How did you add value to the deal?

List Price: €60,000Offer Price: €60,000Sold Price: €60,000Offer Date: September 27, 2019Closing Date: November 7, 2019Condition: Vacant 5 years, electricity and water on, original state, needs rehabSquare meters: 79sqmYear built: 1954Rooms: 4Bathrooms: 1Elevator: NoParking: StreetYearly Taxes: €242Monthly HOA: €20Home Insurance: €127Closing Costs Breakdown Agent Commission: €3000 (5%)10% ITP Tax: €6500Notaria/Gestoria: €163Total Closings Costs: €9663TOTAL: €69,663 How did you add value to the deal?

It was a small toe in the water and a great lesson learned.

Hello, My neighbor’s boiler leaked and water has entered my rental property and ruined part of the floors.

But I expect that to change and be more defined.To give you an idea, one of the officials said mowing a lawn is essential to health and safety, but an elective landscaping project, is notSo I would GUESS< feta ING a non functioning furnace or hot water heater, or a roof with holes might be essential, remodeling your bathroom, or a house no one lives in may not be. 

Most offer limited maint services after hours - water leaks, heat/ac, lock outs.

Here is the link to the DRE's website in order to add context:http://search.dre.ca.gov/MultiLenderThresholdBrokers.aspJust because they are listed here, does not mean they have not put their investors in hot water and are still lending.  

I had a leaky toilet in a flip I was working on...Turned out to be a 1300 water bill..We have no idea how long this will last. 

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