4 properties would be less work than 10. 4 properties are much maintenance costs. 4 properties is less roofs to replace.

Everything has been redone in the past 5-8 years; siding, windows, roof, finished basement, added second bathroom, completely remodeled kitchen.

There was a roof leak that created water damage on the floor and ceiling (small areas).

From the outside it looks like it needs a paint job, possibly a new roof, new windows, and I am assuming by the looks of the outside it will need considerable upgrades inside.

This $64k fixer upper required windows all around (it would become a theme for me), new roof, new AC, and refinished hardwood floors.

Home inspection went over smoothly, roof was in bad shape, got $2,200 toward closing costs.4.) 

Additionally, evaluate the outstanding maintenance on the property such as roofing, flooring, interior/exterior paint, appliances etc and see what their life expectancy is.  

Working on the assumption that at 18, you have zero credit history, you are going to need two things.1.

There's a tone of information on here that will help you move forward. 

Either way, it seems that we are going to add this clause (unless I hear a convincing reason for not doing so).As such, I'm looking for a lease clause to have tenants pay the first $x of any repair to appliances etc. excluding major mechanical systems and roof (which are my responsibility.)Does anyone have a similar clause they wouldn't mind sharing?