I just did a quick search of the area and there appears to be an ample supply of properties with an average rent of approximately $1.10/SF.

Combined with increasing supply, what could this reasonably do to MF market and syndications near term, ie next 1-2 years? 

I can't tell the future, I just will tell you markets behave when supply and demand are close(r) to be met.

You'll need documentation of the cost to replace, hopefully, pictures from your cleaning team before their arrival, an owner's closet with lock for supplies, and limit the number of supplies you provide to a determined number.

Then you'll have to supply a lot of expensive wood for that fireplace and the outside fire pit. 

The power company supplied and installed the new meters (at no charge, at least not yet) and verified all the work around the 4 gang meter pan was done up to their standards.

Hi Jemini, I would start by doing research in the markets you're interested in to see what the rents vs. purchase prices are along with looking at the supply and demand of the market. 

I'm really old fashioned and have been using spreadsheets for years.

He claimed if he didn't get the money he could not buy supplies to complete the job, which would be done in a week(I knew this wasn't true). 

There are specific requirements such as what size drain line you can have in the kitchen and how much electrical power you can supply, no gas or propane.