It's basically the same as if the roof were leaking 5 years ago and then you replaced the roof.

Bryan, and Jason and all; I do apologize for the tone I posted in, I had an extremely aggravating experience here and the thread was the straw on my camel's back.

say you were set on buying a place at 100k and found out about the leaky roof?

If not the deal is probably going to need to work at a 15 year amortization in order to pay down enough equity to refi in 5 years.

I think your going to need a price reduction to get noticed.

Your mgmt should tell you about the roofs or point out and structural, aesthetic, hazards, plumbing, etc issues and seek bids for work.

It has on it - a house with a hole in the roof , and a mobile home(no one knows where the title is.

Based upon what you are saying, I personally think it's a bad idea that will ultimately end in disaster for your son, based upon his medical condition and his inability to earn a legitimate and substantial enough income to cover any deficiencies should a tenant tear the place up or another significant repair is needed such as a new roof or a new heater.

Just got a notice from my insurer to "Inspect and Repair, or Replace Roof" on my 4plex within 30 days.Huh, wha?

Arched shingled roofs.