@Jordan Fujan In my calculations to buy a property once I’ve gone to the initial viewing I typically put between 5-7% for CapEx depending on the condition of the property and how much work we plan on doing to it upon purchase.

They are unprofessional, with no etiquette. my poor friend, seeing her in this condition, breaks my heart. she told me she is afraid to leave the hospital in case these people try and kill her.

As for the practical concerns, in the dead of Summer, you have to be extra cautious about treating AC maintenance properly, because it can be dangerous inside a home that is not cooling properly, not to mention create conditions for mold growth.

Oh, but you know we'll leave the place in great condition." 

When the tenant moved in everything was in good working condition. 

I would never do a post-possession without seeing the property unless we keep 80% of the fund on an escrow account contingent upon the seller vacating and the condition not being worse than described.  

My first property I bought here was in horrible condition and a complete gut job.

The way I understand it, you can own another home and still qualify for Fannie Mae's 5% down payment option for multifamily properties, provided you meet certain conditions.

Rent-o-meter is an ok barometer for prices but thats for average units in fair condition, with a good marketing plan, solid upgrades and some value add you should be able to get more than the average going rental rate for your units 

The interior is stuck in the 1980's but the condition of everything is still well-maintained.