Call your local housing dept, call a HERO contractor, and call your building and safety.

It is a widely abused metric (because it is so easy to calculate) that does not convey any meaningful information except to determine the margin of safety i.e. spread between unleveraged returns (cap rate) and interest rate on financing.On to your question JThere is no one way to “quickly” factor in the rehab costs.

A dwelling unit is not habitable if it violates provisions of housing or health codes concerning the health, safety, sanitation or fitness for habitation of the dwelling unit or if it substantially lacks:(a) Effective waterproofing and weather protection of the roof and exterior walls, including windows and doors.

Additionally, a new lease must be signed prior to the lease expiration in order to avoid higher month-to-month rental charges.Please email your decision on whether to renew and I will prepare and email a new lease for you to sign.I hope that you continue your residency with us, but if you do not wish to renew the lease, we can provide a copy of the move-out instructions.Finally, I plan to conduct a routine annual safety and maintenance inspection on XXXX.

Title and hazard insurance may have an out if the named-insured is different.

. - Any law for safety ?

but there are other rights as well.. waste  non payment of property tax's non payment of hazard insurance etc.. its just one of those rights.  

You should provide the shouse full-furnished and offer services like cleaning and utilities, and there is more bureaucracy and safety standards.

 (3year amortize short loan. )Can you guys think of any other due diligence am missing. thank you in advance for your input. by the way the property is free and clear and has plenty of safety in the price of the property vs my loan.  

If that's your specialty then great, but property managers often refuse to manage D class properties with all the involved headaches and the safety of their staff.