My neighbor had USAA and was finally able to get them to pay for a new roof three years after hail damage and two years after all of the surrounding houses had their roofs replaced.

I have a relative in Cheyenne and another in Sheridan (who was a contractor for many years) who are helping me get an idea of repair costs, which I round to the next highest $5000.All the repairs which are needed are listed below.I know Zillow and Trulia are not good sources - I only put them in to provide all the information I have.Repairs: New shingles for roof.

Roof, landscaping, HVAC etc.

Searching through the MLS listings, my eye is constantly diverted away from searching for profitable properties to admire a Second Empire Victorian with a beautiful Mansard roof, a stately Greek Revival, or the sleek lines of a Mid Century Modern.

Blake Cannon your also going to need more than 8-10 properties for that kind of cash flow.

This scenario is usually only the case with mobile homes attached to land.Long story short is that you should fix the holes in the floors, holes in the walls, holes in the roof, fix the electric and plumbing if broken.

Cost per foot/etc.)New roof?

Remember that you're there to help them out.Perhaps you could ease in the notion that the lenders kids are probably going to need a lot for college as prices are skyrocketing and student loans can be lethal!

It needed everything; plumbing, electrical, HVAC, roof, windows, insulation, drywall, flooring, all new fixtures.I had to remove the entire second floor and rebuild it; 2 bedrooms and 1 bathroom.

You don't want a special assessment for new siding or roof soon after you purchase.Matt's calculations are incorrect because he's using the $450/mo as the debt service, when it actually includes HOA & insurance.