Multi unit is probably more profitable, but in my experience dealing some of the large item repairs in older buildings, at times is discouraging.

Class A properties would be more vulnerable during a downturn, with no ability to add value, and no reserves built up (from renovated units and increased rents prior to a downturn)- picking the right location - in a downturn, those demographics should go a fair ways towards protecting against losses, or at least significant ones.

I was so hyperfocused on becoming an investor and landlord that I neglected the proper due diligence to look through the line items and make sure I knew what I was paying for and that the value was there. 

Anyone heard of services like Choice Warranty that take care of any maintenance items for your houses like heating/plumbing/sewer/water issues/appliances, etc.?

Anyone heard of services like Choice Warranty that take care of any maintenance items for your houses like heating/plumbing/sewer/water issues/appliances, etc.?

Because this is my biggest project to date, I am hoping someone with more experience can review my plan on this building and let me know what you would do differently - mostly with to rehab or not to rehab before tenants.We are replacing some needed items for sure -roof, some HVAC, windows and other mechanicals.

@Katarzyna Lach many insurance carriers who insured properties in fire risk areas took such large losses over the past few years that they have pulled out of the marketplace. 

If there is any repair item needed, that exceeds that $400 limit, our dedicated customer service team member assigned to your account with us reaches out for approval.

You want to make sure(if possible) that the sum of all your rental activities are operating at a loss.

Are the funds given to you with the promise of sharing in the profits/losses?