Three or more months and have the renters pay for water and electric but offer Internet and yard care. 

You might get lucky.I'm dealing with my own issues right now as I have a 5 plex that is not nob and tube but is screw in fuses and the insurance company (auto owners) threw a fit and demand the fuse boxes all be replaced with breakers or they will drop me.I'm right down to the wire and they have issued a do not renew order until fixed because it has taken 7 months to get all the paperwork and consumers on board with the update.I have a really good electrician coming in two weeks now that he finally has his permits, parts and pieces, electrical company ready for the work to be done.The electrician warned that he was only doing this because he was friends with my PM.

view=publicIt's a 3 bed 2 bath house, almost 100 years old, and the seller made a bunch of updates to the house (fixed roofing, foundation, re-ran electrical wiring, redid flooring, and interior paint) prior to me moving in.So far, I've added a dishwasher to the place, and here are my thoughts as far as other "value adds" go, but I don't want to invest the money if you guys and gals don't think there's much opportunity for a return on it...

We involved his guys for paint, siding, carpentry, flooring, sheetrock, electrical, and demo/trash haul.

I'm an electrical contractor and do alot myself and pay other contractors for their work.

.- Monthly cash flow from day one- More properties that are fully separated metered -- gas, electric, hot water all metered for individual units- Significant increase in property management -- evictions, late rent not because somebody simply forgot to press "send," potential domestic issues, issues between tenants, etc.

Our district requires 300 foot coverage or actual reach (not as the crow flies) from the hydrant.Landscape-Storm pond or Storm sewer or both-Sewer-Electric- say $700,000Fiberoptics- $100,000Parking Painting and lights- $150,000Etc.Etc. 

I was able to gain entry today, he trusted me to inspect the unit and asked if I could change the locks.When I was there, everything was pretty much the same mess but the electric utilities were shut off.

The property already had septic, water, and electricity from a home that had been demolished.

The pool house is equipped with outlets for electrical appliances, a stove, a refrigerator, and has a bathroom with a shower.