Then you have some investors that focus strictly on cash flowing properties - maybe to cover expenses, maybe to replace income - everybody has their reason and they all work. 

One author recommends replacing the roof on houses that you are going to BRRRR.

Foremost is our Go-To carrier also, but there are some others out there BUT the replacement cost limits will be noticeably lower. 

In my unit, the previous owner got slapped with a 25K special assessment for the replacement of windows.There were a lot of other issues too but make sure to do due diligence before investing in condos especially in that area.

Of course, with a little creativity, even a condo owner can make the place feel rustic and “cabin-y”.We occasionally have an owner-client want to move away from these things and to transition to a more modern, minimalist look, currently all the rage. 

The roof and hvac for the house needs to be replaced and a few other minor repairs.

I purchased a 2 family home in villa park last year and did some work replacing a steam boiler, and adding duct work and a new gas furnace so each unit had their own heat source.

Cast iron will have to be replaced one day 6.

After closing, I put in new kitchen appliances, new cabinets, countertops, replaced upstairs carpeting with LVP, and did some work in the crawl space.

Proc. 2008-16, the IRS will not challenge that a property qualifies for Section 1031 gain deferral if—1. the relinquished property has been held for at least 24 months immediately preceding the exchange and in each of the two 12-month periods immediately preceding the exchange,a. the taxpayer rents the residence to another person at fair market value for at least 14 days, andb. the taxpayer does not use the property more than the greater of 14 days or 10% of the total number of days the property was used; and2. the replacement property is held for at least 24 months immediately after the exchange and in each of the two 12-month periods immediately following the exchange,a. the taxpayer rents the residence to another person at fair market value for at least 14 days, andb. the taxpayer does not use the property more than the greater of 14 days or 10% of the total number of days the property was used