Brick/cement construction so roof is the major issue.

Being in my mid 20's I do not want to work for a brokerage where the majority is 50+ but I also dont want to work with fresh faced never had real responsibilities 21 year olds.

Assuming you put 20-25% down from your HELOC, you would need to show major appreciation in a year to refinance and be able to pay that back.

Only replace if it breaks or becomes a major concern for a tenant.

This to me is one of the major differences in thinking between a professional investor/entrepreneur and a newbie (not knockin' noobs, we were all there once). 

If you wanted difference of opinion for the different pm companies I would go to NARPM.ORG and find some in your area to get a better feel for what the majority are doing so you have the right expectations.

Very sad and we have homeowners crying about this stuff all the time.Eventually you'll throw enough money at this house to reach some level of equilibrium with the problems, there of course will likely remain major underlying issues that you will never resolve, so the question just becomes are you willing to keep throwing money at it and how much enough is going to be enough?

Hi Kyle, that seems logical to me but I studied hundreds of sales from 2015 and the great majority of the sales that went to third parties were significantly below the judgement amount while only about 25% were above the judgement amount.

That's how I came up with the majority of my down payment for the last investment property I bought.

While the vast majority of my agent business is in the DC area, I still will do one or two sell side transactions in Massachusetts a year.