Also state if it is damaged you will be removing not repairing or replacing it.

Also, make sure that your insurance covers the COST to replace the building, not the current value of the home if you purchased it for cheap .I don't recommend under insuring just to save a few dollars now.

Hello If your appliances are older than 1990 and in working condition, Puget Sound Energy which is the utility company in the North West - Seattle metroplex , will replace these with new appliances.

So, we did quite a bit of work there, besides cleaning and degreasing the kitchen literally for DAYS, we painted inside and out, replaced several expensive casement windows that had small leaks, updated most of the plumbing because it was a garish looking chrome and brass that was probably already going out of style when it was built, all new top of the line appliances, etc, etc.

My single family units are 3/1/1, 900 sq ft built in 50's with vinyl siding and original wood windows....each need replaced in both houses in next 10 years best case scenario.  

I've heard of landlords out shoveling their roof all night during a storm) If I were looking at a property that I loved everything about, but it had a flat roof, I'd find out how much a complete replacement of the roof would cost (worst case scenario) and try to factor that in I guess

I have my current properties on 15 year notes so by age 40 they will be gone or have so little owed that I could pay them off and have my day job income replaced.

And it's fairly quick and easy to put up.Do you need to replace the HVAC?

Especially as it will probably be years before I can replace it with another fixerupper under current market expectations--i only buy good deals and for that I need a buyers market because I don't knock on doors, etc.I don't think the house is worth near what it would bring except that at todays rents and todays interest rates it is cheaper to overpay with an FHA loan than to rent.

Since you didn't provide a breakdown on the expense side please remember that stuff happens where you have to paint; call a plumber; replace carpeting; wear and tear inside; insurance; taxes; mortgage interest etc.