I am thinking things like installing flooring, putting up cabinets, running new water lines, even roof repair.

Hey guys (and gals) I would love your input on this apartment complex I'm looking at.It might possibly need a new roof in the next couple of years.Here is the data:Gross actual rent: $250,864All expenses (not interest or depreciation) was $134,172The owner is required to pay the water bill which was a nice: $29,343Taxes were also a nice: $23,520.If I assume debt of $1.1 mm at 5% for a 20-year amortization I get $87,120 in debt service.So this is my math:Gross actual rent: $250,864All expenses (not interest or depreciation) was $134,172Debt Service: $87,120Net Cash Flow: $29,572Debt Service Coverage would be 1.34

The tenants had turned on the electricity and gas in their names but couldn't switch over the water because there were huge past due bills.

Property has a tenant paying 1,500 currently monthly and Tenant is paying Electric / Gas and Water bills.2 .

It is all electric and tapped into the city sewer and water lines.

Well/and individual septic for each site, city water is also available.I'm basically evaluating it at land value of $15k/acre and my thoughts were to just sell the park portion and maybe 10-20 acres then keep the rest as my wholesale fee.

If the theory is meant to be limited to those four things, then okay, but if it's meant to be a very broad prescription, to encompass stocks as well, the theory doesn't hold water, and thus the advice to buy real estate now is called into question.

For example you can not finance properties with health and safety issues for example no heat source, no flooring, broken windows, no stair railing, no smoke or CO2 detectors, pool with green water or empty, bars on windows that do not have safety latches and other things.Q.

It's the exhaust chimney/vent for the hot water tank & furnace.

I was helping my dad fixing a sensor for a water heater at one of our rentals. $11.90 for the sensor tax included after the pro-reward discount from Home Depot.