@Tom Veit While I know building material costs are through the roof right now I have only seen it be a major influence in my investors decision making when debating on whether or not to develop a new build property.

The location is very hot and getting better, only about 2 hours from two major metro areas. 

I looked at a property that needs major work.

They should spread the love to the other major cities like San Antonio hahahaha

It was built in 1950, and does need some internal remodeling but overall does not have any major issues.

I have a major delimma.

Assuming no major repairs come up, the $120/mo in CapEx would go toward this and we'd do it in a few years.Re: lawn care - this was such a helpful call out, thank you!

You should take each major item (roof, HVAC, exterior paint, etc) estimate replacement cost and lifetime and use that as Capex reserves.

I have identified many empty lots in a transitional area just outside a major metropolitan city.

@Allen Li the market as a whole is super competitive with the majority of the world sitting on the sidelines last year everyone has capital ready to use.