Take into account elements including the property's state, the age of the HVAC, electrical, and plumbing systems, and any necessary cosmetic renovations to draw in renters.

The ceilings are asbestos, the plumbing needs redoing the roof is about due etc etc. 

Could offer competitive pricing compared to the laundromat, with added convenience that it is on premises and laundromat does not take cards.First step is to get a quote on bringing plumbing (and electricity) to this utility closet.

I can give general estimates on most costs with regard to roofing, HVAC, electrical, plumbing and foundation, etc.

New metal roof & gutters, new covered porch, new side deck Trex material, new large capacity water heater, new Bluetooth thermostat, new sump pump, new HVAC ducts, new HVAC lines, new LED backlit mirror, new electric wiring for entire house, inspected and up to code, new plumbing is all PEX line plumbing, What made you interested in investing in this type of deal?

-new plumbing is all PEX line plumbing-new gas line-new flooring (vinyl click waterproof laminate and carpet in the bedrooms).

I'm glad you brought this up because these kind of issues of wear and tear on  electrical, Hvac, plumbing, etc are not necessarily structural. 

New permitted plumbing.

This contractor will take me from gutted house to ready-for-drywall (reframing, new siding, finished basement, new siding, new roof, new plumbing, new electric, new HVAC), at which point I will take over and complete the internals with my team. 

I’ve also managed units where on our renewal rate we did reduce the rent from the prior year, but for other reasons, such as the prior year of the tenant having a washer and dryer, and a major plumbing issue with the building, preventing us from offering it the following year so we did a reduction.