Also, if the toilet is newer you may have a high-efficiency toilet and getting a higher flow toilet may help fix the issue.The plumber up the flow rate but increase the volume in the bowl … it’s about 3 years old.  

My original thought was to basically just triple what the normal vacancy rates were in the area, but I know that would not be super accurate.

@Adrian SmudeI would agree the days of buying and getting 100% of your money out so you have infinite returns is not coming back anytime soon but the method still is common you just have more money in the deal if you want it to cash flow.I do agree BRRR is easy to do with super low rates and increased rents for someone who could value add a property.

That way I’ve got the bargaining power of cash with a quick close and a super clean offer, and the benefit of financing later to get the best return on equity/ COC.

Now if the entire block is well established in a super solid area and it just so happens to be this situation then I would move on to my next criteria - the property itself. 

They have gotten repair quotes 2x what the market is (I'm convinced contractors give PM super high numbers because they know they can), they put the contract in touch directly with the tenant (so they aren't even managing the repair), and now they don't seem to be acting very quickly to collect rent or get the tenant out.  

If you're seeing websites with super old deals on them, that just means that person it not being active in taking them down. 

@Zachary JensenI am now super curious if this persons real first name is marijuana

It’s super insightful.But as you’ve ascertained, the deal must pencil out.

The area I live in is super expensive so the dollar goes far less around here.