Rental investment property repairs
So recently we looked at a property that was priced right and in a great location. Aesthetically the property was fantastic.
The problem was that the AC unit, roof, water heater and some plumbing needed to be replaced or updated. Also the carpet eventually was going to need to be torn out.
My question is, at what point is to much repair expenses enough? How do you factor in the repair expenses into how profitable a property can be?