Is the electricity knob-and-tube, rag wire, or updated modern wiring?

They should be taking care of all of the big-ticket functional items - roof, hvac, water-heaters, plumbing, electrical, flooring, sinks, tubs. etc.If they are just throwing down paint and carpet, then you'll probably have a high capex in the next 5 years.James

The property looks like it was used by the previous owner as a three family, at some point; it has two means of egress (stair well & fire escape ladder) and the electric is appropriately sub metered along with kitchen, bathroom, space heater, etc.

@Samantha Klein,Please note that these products are for use with electric dryers only.Gas dryers emit products of combustion.

Each unit has been upgraded, electrical upgraded, roof less than 10 years old.  

I like using about 200 KwH less electricity each month as well.

Also, Lender mentioned that if there is knob and tube electrical work, it’s probably best to leave it.

The apartment I just closed on had an old electricity contract that was at $0.0569 per kW hour.

I also want to become a licensed contractor and highly skilled in carpentry and electrical.

 - Rent: $1550 per month- Vacancy: 5% -Capex 6.5%-Repairs 3%- Water and Sewer and electric and trash and HOA: $0- Insurance: $90 a month- Property management: $155 per month- Property tax: $375 a monthThis leaves me at $166 cash flow per month , $1992 per year.