I can go for a short drive and find entire neighborhoods that fit the 2% rule in my area, but I would never invest in this area unless I got an excellent price that allowed for a full redo of the plumbing/electrical/HVAC because the properties are old and undoubtedly have deferred maintenance; landlords/slumlords in the area have been known to do the work themselves; and I don't want to deal with countless minor maintenance issues (eg. leaking faucets, malfunctioning outlets, etc.) that are bound to arise in a property with old and/or shoddy plumbing/electrical/HVAC.I don't mean to sound harsh in any of my response.

My HVAC guy came today, he maintenanced the furnace, repaired the crooked chimney pipe and malfunctioning thermostat.

My partners and I are trying to use the fix and flip calucltors to analyse a property. All 3 of us have the same exact numbers in the required field but the results are EXTREMELY different. Also the curor information ...

Are you (Seller) aware of any significant defects/malfunctions in any of thefollowing?

Hello Friends,I recently bough a property in a suburb of Cleveland (Wickliffe) and we had to replace 3 radiator valves on the second floor since they were malfunctioning and there was no heat.

We have experienced this over and over where the owners are spending money on deductibles and then we have to send out our maintenance people to fix the problem.Our next problem came in the form of a malfunctioning air conditioner.

You also agree to report immediately in writing to us: (i) any evidence of a water leak or excessive moisture in the dwelling unit, common hallways, storage room, garage or other common area; (ii) any evidence of mold that cannot be removed with a common household cleaner; (iii) any failure or malfunction in heating, ventilation or air conditioning, and (iv) any inoperable doors or windows.

If the furnace breaks or their is some electrical sytem malfunction...thats your responsibility.

@John HumphriesThey are there, but the "new" menu system seems to be malfunctioning.  

@Andrew McGregor We had some water damage from a malfunctioning pump last year and it caused a fair amount of damage.