So I bought a old 1900s house and completedly transformed it to an amazing property.

Btw, you did an awesome job transforming that house!  

so we own a 3 story building, it had an old boiler that worked fine, the Tennant had to manually fill the boiler due to no water feeder.Then we had issues with the electrical wiring to the boiler, so I brought in a contractor and I paid him 800 for 2 new electrical boxes in the basement, 575 to fix the boiler and a new pipe that had cracked. 900 for an automatic water feeder, transformer and Lowe water cut off.

I am all about being transparent with sellers and I genuinely care about them and what they need to move on from their problem property so being upfront about how I arrive at my number feels like the right way to go.

Great transformation for $5k.

You have no payment history and the tenant is either in trouble and genuinely cannot pay rent, or is trying it on and looking to establish a relationship in which late rent payments are OK.

Just be honest and genuine and tell them you are an investor looking to but their property.

You have to be able to spot and extract hidden value by transforming to highest and best use.

Are you genuinely getting 4% interest investment loans?

@Johnny Manziel, if it's genuinely a "B+" area, and $67.5k/door is a provable bargain, then you may well land on your feet with this one, though I suspect that being the landlord/manager for the other three units will prove to be a lot more work/expense than you anticipate.Paying a PM would generally cost around 10% gross rent, not 20-25%.