Positives of the House: Amazing updated high end kitchen all stainless steel appliancesNew RoofCan lighting in all bedrooms, living room, and kitchenHigh End basement bathroom includes Jets in shower wall and Heated tile floorNew Central ACNew FurnaceNew HVAC ducting throughoutNewer Vinyl SidingNewer guttersMany newer vinyl windowsNewly wired for gigabit speed ethernet in all roomsOpen cell insulation on second floor roof (solves all cape cod style home problems with ice damming)Nice landscaping both in front and in backGreat curb appealFenced in LotFull BasementOpen concept living roomVery low taxes compared to rest of Lake County IllinoisFinished will have 2 full baths, 3 bedroomsNew copper plumbingNew Natural Gas pipingAll Capital Expenditures are taken care of!

It had asbestos on the heating pipes in the basement, which I saw myself. 

I put out marketing packages based on actual numbers because all experienced investors will do their own underwriting and make offers based on real numbers but this is hardly the norm.It would behoove you to look at IREM.org as they have financial information from local property managers in every major market and they'll give you the real numbers when it comes to the cost of repairs, water & sewer, heat, electrical, payroll and other information.Once you have this, you should start practicing underwriting deals with your own spreadsheet or one like RealData so you can learn what a deal will actually make versus what BS brokers put out to market.

If the tiles have chips and cracks in it heat it up, pop out the single tile and put any tile in there that is the same thickness or you can use some type of filler for the crack.  

An investment is a living, breathing, fluid process and our job as the sponsor is to pay attention to prevailing conditions.

Is the slab insulated (underneath) and heated (hydronic or electric in-floor)?

Currently the top unit is leased for 10 more months at $550 and $25 for water (I pay for water) and tenant pays heat/electric.

I don't remember where the bible says that this is all ok, but I guess there's probably a commandment that says don't pour concrete down the pipes or load the heating vents with dead fish, but no specific commandment about sabotaging doors handles.I'm not trying to bash Christians here, by the way. 

It has glass fuses and oil heat to give you an idea of what I’m working with.

The only shared utility for now is auxiliary heat that runs them 88 dollars a month, they are on a budget plan.