We are excited about doing most of the work ourselves, but we are going to need to hire out the Plumbing and Electrical.  

There are many other fun things not shown: Complete rewiring of all electrical, including new meter base and panel.Lots of attic and crawlspace work.Insulating walls, attic, basementAnd so many other random tasks that eat up hours and days, even though it seems like nothing at all is getting done. 

This was a big project requiring new electrical new plumbing bathroom addition new roof Windows, everything.

Has anyone used a third party billing service to bill tenants in a building that is sub metered?  E-mon D-mon sub meter is being used. Which third party servicer would you recommend? 

@Jen TeskeI don't know the area so I can't speak about the market you're in, but just by looking at the #s, you're missing a few things: Water, Sewer, Heat, Electric, Gas, Trash, Lawn/Snow removal, Cap Ex, Property Management (even if you're self managing, this needs to be factored in if you want to scale), and although you did include vacancy, if a real vacancy were to occur on a SF you'd have a 100% vacancy, making it negative cashflow since you'd have to cover all the expenses, not knowing when it'll be filled again. 

I've never bought a house before, and i've never had an income to be able to be picky about my living situation, so i really have no idea what amenities to look for, and even worse, no idea what large ticket items to look for. obviously roof, foundation, electrical, plumbing - but what indicators of those can i actually inspect on my own and be able to see if this house has any major red flags? 

@Jim AdrianI can get estimates from the modular home manufacturer.I'm looking for some idea what to expect "resurrecting" a subdivision that was never completed: complications with the city, dealing with the utilities - electric, gas, telecom, etc., merging new homes with the existing HOA (if any), ...

Are you getting new electrical, hvac and plumbing put in before renting or perhaps most have already been upgraded? 

You can definitely make it work in Portland, if you're willing to dabble in the outer portions of the city.Are you still doing electrical work while you're in school?

We will have to add a refrigerator, but that is all.