I haven’t yet uncovered his debt on the property or what he intends to do with the proceeds from it.I do know he purchased it in 2005 so chances are he has a relatively small balance on his mortgage but maybe not.

I've always found it difficult to purely internet sleuth my way to these types of answers but perhaps you all have some better insights into how to uncover this info.

Outdoor receptacles uncovered are as much a hazard as badly configured panels. 

I think its low, and I think you'll uncover all kinds of problems that I'm sure were neglected, but amortized over several years that seems like a reasonable number to me.Did I miss something or do you truly plan on walking forth with only 30k a year set aside across 80 units?

Her husband Rick is an investment only Realtor who is good an uncovering deals. 

Thanks for sharing your decision making process and data you uncovered.

That means you might uncover a hidden gem or a really great investment opportunity.

If you are doing your due diligence and uncover discrepancies I'd walk if they don't drop.

I'll update as the city approvals happen.Replat: The surveyors took forever, we had to extend because of the time it took to get that retuned and it uncovered a Gas Pipe that was unknown to the seller.

I hear those can be a nightmare as you never know what you will uncover underneath.