Long term rental repairs

[Aaron Heers]

Got this question from a friend:

“If you bought a house built 25 years ago. The plumbing could be okay when you buy it, but in 15 years it all needs to be replaced and that’s a huge expense out of your pocket.”

For all long term investors. Do you do frequent inspections of the foundation, plumbing, electricity, HVAC, and roof on your rentals?

What do you do to prevent these huge expenses that can kill a deal? (Other than factoring in capital expenses towards cash flow)

Any advice helps. Thanks!