Said the surging could have caused a fire.The power surges took out the lightbulbs in the house, melted several surge bars and plug adapters, ruined a heating pad, the tenant's magnifying work lamp, several other lamps that were plugged in and the refrigerator causing the loss of approximately $75 worth of groceries in freezer.

Well I’m glad I did be 2 weeks after closing we got record floods and this property got 7” of water in the first floor.

If yes, then you may want to consider it as you can upgrade with a better water heater and HVAC over time (or if you sell, maybe the next buyer can put in a hot tub;).  

Had a black water back up.

We divided the lot and are building two new ground up vacation homes right on the water.

For example you can plan the life expectancy for a new water heater in CapEx and divide it into your month expenses but if it goes out tomorrow, you need the reserves to cover the cost. 

(Air conditioners and Refrigerators).  

Water heaters, dampness, foundation issues, control panels, the pricey stuff will show itself.

We are in the very early stages ofdevelopment (many calls/visits to Planning & Zoning, Landsurveyors, county water & sewage dept, etc).

I need to replace 6 refrigerators in 3 duplexes and possibly 6 ovens.