Normally this list would include the PI part of PITI (Princinple, Interest, Taxes and Insurance).TaxesSewer and WaterTrashHeat/UtilitiesHOACap Ex and Ops (I always budget at least $150 per month per roof)InsuranceMgmt Fee - as a % (general consensus here on BP is 10%. include it even if you think you are going to self manage)Vacancy- as a %. (8% represents 1 vacant month/unit/year)

A couple of months ago a storm came through and damaged a roof on one of my houses, we got the roof fixed immediately but it had caused a portion of the ceiling in the living room to cave in.  

That means 8 roofs, 8 foundations, 8 interior units that need painting, 8 exteriors that need painting, 8 units that might need carpet/vinyl/tile, 8 hot water heaters or a single boiler, 8 AC or evaporative coolers (if there are coolers, have there been leaks?)

Roof 10 years old. 

While the HOA fees do diminish cash flow and can adjust year to year, it seems to me that by purchasing a condo within an existing HOA could actually save you money (no large expenses, i.e. water heater, roof, etc.)

It's a fantastic home with updated AC, furnace, water heater, roof, etc. but it's extremely dated.

.$42,000 Purchase$15,000 Closing, New Roof, Chimney, and AppliancesAfter these repairs the property would be worth $70,000 - $75,000 or could get rent for $850 /  mo.  

We've cracked down on maintenance inspections since they failed to tell us of a big leak in the roof.  

In the early phase of discussion with any new client who, say, wants a roof inspection or any other inspection likely to incur work, I tell them in clear and certain terms that I do both inspections and construction, but I will not work on any property I've inspected, or inspect any property on which we've worked.

It doesn't appear to need much work, if any and is move in ready.