HVAC, roofs, water happen.

residential tenants pay their own water?

These are just a place for the (sewer/water) drains to draw air.

.~30% of the roof was patched mainly where low spots collected water and pulled material away from the flat roofs edges.

Trust me, I could spend through money like water at one point in my life & career, but now I am in a completely different place.

The house does need a new hot water heater, outdoor A/C unit, stove, refrigerator, carpet and paint, and some cosmetic upgrades = $3500-4000.

Examples are:green water in poolbars on windowsno flooringno heat sourceevidence of leaksmolddry-rot or evidence of termitesfalling down fencesmissing doorsholes in wallswater stains on ceilings (requires roof cert)there's more...These are what a underwriter put as conditions on a conventional 4 unit approval I received today.9.

Tabatha L.Those ratios and indicators - along with others - all provide insight, but you need to understand how they all inter-relate and know that many of them (perhaps all) can give you false security ... especially in isolation.For example, we recently looked at a property whose GRM was just over 6, but the operating expense ratio (operating expenses / gross revenue) was over 70% (the annual heating & hot water bill was ~1/3 of the gross revenue).Cash-on-Cash (CoC) return of 35% is all smiles, but not that common in the real world.

Then Butt crack Bob HVAC company comes along and charges cost + $500 watering the market down.

On the other hand, if the unit isn't occupied and a water leak soaks the inside on the second floor bringing you lower level ceiling down, you'll have expenses.Why would I attempt to compute the cost of a ceiling into my ROI/E for the next 12 months?