Also, manufactures develop lifespans of these components by usage, which in our part of the country, our usage of a furnace is well below their usage calculations.  

end of the day PM is the most critical component.. there are a few folks our there that have put up some pretty horrific type transactions that's morris / oceanpointe based on BP feedback so make sure you don't fall into that trap.Other wise this should be no different than running to your local broker and buying any other property 5 minutes from where you live.. 

Even missing one component can cost you tens of thousands of dollars.

My goal here was to replace all major components and renovate to a premium level finish in order to charge market rent.By installing high quality finishes, I am setting this property up to be a low maintenance long term hold 📈What kind of renovation costs are you currently spending on your properties?

Also, as an aspiring Project Manager, I've felt that RE has helped with understanding some components of management and there has been a lot of cross-sharing of concepts that I have applied to both my day job and my real estate hustle! 

While taxes are an important consideration, they are just 1 component of the overall  expense structure that affects cash flow.

As I said above, if a provider is not truly metrics-drive and can't give you detailed, figures-based information about ANYTHING - vacancy, expenses, maintenance, turnover, lease terms, PM fees, leasing fees, appraisals, purchase price components, etc - then you need to run.

Hey @John Kuehlman, happy to help out with a few components of this -- I'll shoot you a message, and we can chat regarding the lending aspect and the acquisition. 

If an appraiser tells the bank they notice glaring issues with major components and it's not liveable the home will not pass conventional requirements.  

That "something" is work, so don't discount the time & energy component of finding & closing deals, deploying capital, managing or overseeing rehabs on a constant basis in order to keep the money moving.