Do you save three months of vacancy for each unit and $50,000 for the roof replacement?

I used eastside lending for the hard money and a mortgage broker other than that I did everything else personally and looking back I wish I would have had more people to talk to about this so it was no nerve racking.

-any big capex items coming up - roof, HVAC? 

I must replace the roof, repave the parking lot, fix several issues with the overall facade of the building and paint it. 

Then the person said that if it needed a new roof add a couple of thousand dollares and landscaping another 2 thousand.

Take the same lesson and apply it to the Hvac, roof, foundation, electrical, etc.  

So for example, a flipper could be looking for distressed single family homes, unkept landscaping, broken down cars in the driveway, peeling paint, off color roof repairs, and then start to either mail, or contact the homes owners in different ways.

On personal if you sell a property you must cancel the policy and wait for refund where with commercial you just correct the invoice for the month.Commercial allows for vacant property where personal only allow vacant for 30 days.That said personal probably has a lower roof deductible than commercial.

The highest ROI comes at 4 beds and up (I used to have all small ones and traded up for bigger ones).And the less sets of roofs, HVACS, plumbing, etc you have to manage, the more efficient your business.The flip side of that is the “eggs in one basket” argument, which is also valid.

If you buy an older home, it may have a roof with only ten years of life span left.