I've heard of landlords out shoveling their roof all night during a storm) If I were looking at a property that I loved everything about, but it had a flat roof, I'd find out how much a complete replacement of the roof would cost (worst case scenario) and try to factor that in I guess

I have my current properties on 15 year notes so by age 40 they will be gone or have so little owed that I could pay them off and have my day job income replaced.

And it's fairly quick and easy to put up.Do you need to replace the HVAC?

Especially as it will probably be years before I can replace it with another fixerupper under current market expectations--i only buy good deals and for that I need a buyers market because I don't knock on doors, etc.I don't think the house is worth near what it would bring except that at todays rents and todays interest rates it is cheaper to overpay with an FHA loan than to rent.

Since you didn't provide a breakdown on the expense side please remember that stuff happens where you have to paint; call a plumber; replace carpeting; wear and tear inside; insurance; taxes; mortgage interest etc.

It will need a complete replacement of the bathroom and renovations in all other rooms.

I had an AO Smith that needed replaced it was 35 years old.

Sure we just had 2 done recentley.It was $1800 for one (it already had a condenser and it needed to be replaced)And $2100 for the other ( new install- the house never had Central Air)I know we get pretty good pricing because we do a fair amount of volume with them, but give them a call- I'm sure you can work something out.Mike

I'm going to replace the dishwasher tomorrow in the rental and afterwards heading to Naval Bagels (awesome)..... on my trek to the district courthouse to file my 6th failure to pay rent form.

It is simple formula: By as low as possible, fix what needs to be fixed, replace what needs to be replaced, then sell as high as possible.