don't forget those wonderful "special assessments" for new roofs, asphalt, front doors, etc) If you or an investor is going to buy this, the $204 costs me this.

eventually you'll have a vacancy or need a new roof.

Putting off required maintenance in today's dollars is alot cheaper than repairing the roof five years from now...and doubt that your rents increase to compensate.

The roof is a 12-12 pitch roof, this gave me the ability to have 3 bedrooms up stairs, laundry, and a big bathroom with a double bowl sink.On the first floor is the mastr bedroom with it's own bathroom.

It has been under bank ownership and run by the bank since January now and I know that they ar enot doing the most efficient job, I cna only assume it was the same for the previous owner. the property was purchased by the previous owner in '04 for 1,660,000 so I cna only assume he had too much debt and was not operating efficiently.rents are:48 1BD/1ba units @ $37520 2Bd/1Ba units @ $4754 3BD/1BA units @ $575currently 77% occupied.I have yet to tie up the property for further due diligence, but from what I have noticed thus far the roof and windows are quite old.

Seller warrants that at the close of escrow all heating, cooling, electrical, appliances, and mechanical apparatus are to be in working order, and the roof (s) to be in good repair and free of any leaks.4.

Although you should be able to evalutate the state of the condos (roof, landscaping, pavement, etc) as part of your due diligence.

Upgrades:-New roof-New carpet-New tile -New paint (interior / exterior)-New light fixtures-New ceiling fans-Master bath remodel-Granite counter tops (whole house)Lessons learned: Always change the locks on your rehab, on day #1.

Sometimes tax records will show the total area of construction taking in the roof overhang which may explain the difference.

It doesn't look like mold, it almost looks like tar or something.Also it looks like there is some water damage on the overhang from the roof (along with missing gutter) and inside the kitchen ceilings.