undersea said:
You must be a landlord.
There is a remodeling philosophy for some - "I just want to buy something I only have to paint and carpet." It means, don't want a rental property that needs redoing bath or kitchen, etc...
Heavens I would never be a landlord! Too much grief. Did it for 4 months and that was enough. We rented back to the previous owners a house we bought. (They were retiring, but didn't want to move out for 4 months.)
They called us one blisteringly hot July day to say there was no power to one upstairs room. They had lived in the house for 10 years and never had a problem with the power.
We spent 4 hours in and out of the attic searching for loose wiring. Problem? They had flipped a light switch they that they had never figured out what it went to. Yup. The room upstairs.
We've renovated this building (as we did that other one) and now I want to enjoy our work and maybe expend less than $25k/year on maintenance. (Yes, we do most of the work ourselves but leave the big jobs to the people who can be in and out in a couple of days.)
So, we're down to carpet and paint. The big stuff is done. We spent the first 6 years working on infrastructure. Only started the pretty stuff 4 years ago.
Next year I'll be down to maybe picking up a new painting or two.