This will result in a profit between 10% to 12% of the ARV, which is fair for most rehabbers, and it keeps their lenders safe.

I know it sounds cool here in Tampa when I meet someone who has a lot of rentals and makes like it is no big deal to keep all those tenants happy and their properties safe.

I'm an investor looking to expand my investment portfolio in the Greater Sacramento multi-unit  market. (  2-4 units) What areas have you found to have the best combination of generating income , safe neighborhoods and prospective upside.  

I am pretty safe ignoring anything bought from '06-'08.

Safe Travels and leave your snow shovel up there,,,, no need here!

So keep it safe, pay more for quality, do all heavy mechanical up front and factor it in your costs to avoid costly HVAC, elec, roof, windows, plumbing later on.  

We have encountered companies which will not underwrite knob-and-tube or aluminium wiring {which can be perfectly safe}, but never one that refused paper/fabric-covered wiring.What does your insurer classify as "fabric/cloth covered wiring" {I cannot really see the pictures closely enough).  

Upon inspection, the house passed with flying colors, I had a structural and Mechanical engineer's letter deeming the home safe.

Having an additional 10%-15% of your rehab budget for cost over runs is always a safe bet, and then there is the monthly carrying costs.  

If schools aren't a concern, buy a single family home in a safe neighborhood along the gentrification path in one of the boroughs...think Astoria, that type of neighborhood.