Financing deferred maintenance things (boiler, roof, new cement)

[John Kim]

I recently purchased my first investment, a short sale that has a good amount of necessary deferred maintenance.

• The heating system was cobbled together by a hack and needs to be completely replaced in the next few years. ($25,000)
• The roof is about 20 yrs old and is leaky  ($8000)
• The cement driveway and parking lot is in bad shape  ($10000)

After taking out $500/month for miscellaneous maintenance costs, my monthly net is about $1500.

Going forward, what are some of the best ways to finance these projects?