They had a guy out when they gave me a quote and would only do full replacements.

So flooring, screens, door jambs, etc will be repaired or replaced if  damaged. 

When the roof on the building needs replaced, everyone pays for it, even if it's only damaged on the opposite corner from your condo.

For example, replacing a ceiling fan is the same cost whether the house is worth $50k or $500k. 

My area it is $6 sf to replace. 2000 sf*$6 sf=$12000/10 year life span/12 months in a year=$100 per month. 1 item already exceeds your capex budget.

If there’s a leak, replace the faucet water lines.

He has to replace one row of bathroom floor tile that was up against the tub.

Purchase: $115,500 including closing costsARV comps recently sold (2020): $170-$190KRent:$1100-1200Cosmetic Rehab: $18,000Repairs: $12-15K Because this is sold as-is and is an old property, there are repairs that need to be done such as foundation bracing, sewer clean out (inspector couldn’t get passed tree root build up), load bearing beam replacements in basement, electric panel replacement, gutter/fascia replacement, And a new water heater. 

@Lee Burns I wouldn't consider it that LONG term, but with my EAOS in JAN 2023 I'm looking to replace my current income with real estate income before then, whether it's through multifamily, fix and flip, syndications of bigger deals or asset management.I'm open to a lot of these.

Recently had a kitchen faucet needed to be replaced.