If the repair process requires painting the whole thing, which it may need to look good- I'd optimistically put the lifespan of a professional/specialized 2-part (epoxy or urethane) tub/surround (or tile paint) etc- paint job, with above average prep work at ~3 years.. a "high quality" tub respray like this will cost just as much as a brand new tub, and touching up/blending a spot repair is specialized, expensive work as well. but yes I agree with the other replies either way -(unless, *perhaps* there is already easy access from behind etc to get to the repairs and inspect flooring etc without taking tub out)- it makes sense to rip it all out so you can address any potential water damage, and overall there is no reason the resulting new unit shouldn't cost aprox the same ballpark as the repairs .. and new of course will look much better with a much longer lifespan. 

@Zach Edelman no, I am aware of DSCR loans but my brother in law/partner lined top the financing. we plan to refinance when the rates come down a bit.

Personally no.

I have a CRM setup, but no metrics outside of that setup just yet.

please take no offense but how is this a good deal\ ?

Hello,I opened an LLC last year but no activity so far. 

I can't speak about if HOA fees affect home prices, so much as I can mention that some buyers specifically look for no-HOA properties, or must factor in the HOA fee when deciding what monthly mortgage payment they can afford.If a buyer's finances are tight enough that the HOA fees make them question if they can afford the property, then they're probably not the right buyers.Some of my buyer clients just want to be in xyz neighborhood, and the HOA fee is just one of those things they know comes with the territory.I serve Pinehurst, NC, which is internationally known as a mecca for Golf enthusiasts. 

No, that’s not what I mean.

(Most real estate has lower cash flow than a 5% cd or debt pay down.) 

if you own the land free and clear there are options for financing with no upfront cost with closing costs and initial draw coming from the land