Can you give me a little more information about where the property is located? 

I’m currently targeting properties in the $200K–$500K range, depending on the location and potential cash flow.

When the rent rates stabilize, I suspect they'll bring it back.I wouldn't try it in a location like Portland, but 99% of the country would be fine with a policy like this as long as it is disclosed and applied equally.

Location, location, location. 

She wanted us to pull the car out of service until the "service" lizard could be located...I swear I am not making this up and have not been drinking...

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

I don't know where in Michigan you are located, but I'm happy to give advice or share experiences.

Can you share what city in which this property is located?

I was going to look over your numbers for you, but can you answer a few questions:* In what zip code is this property located?

Does anyone have a refferal for a sewer scope company? I'd prefer a small business. I have 8 buildings with possibly 9 lines that I would like to get a package deal on sewer scopes of all the lines.