If more important items such as plumbing, electric or mechanicals are not working we will also address that for them but typically we avoid those kinds of properties if its to extensive.For those who are familiar with wholesaling you fully understand that to wholesale none of what we just mentioned above is necessary or obligated to be done in order to wholesale.

I can’t say I came up with the idea, I saw a landlord with more units than I have post that they offered the holiday discount, bug only to their tenants who had made all their rent payments on time and in full over the course of the year.

New drywall, mechanicals, windows, electrical, roof, siding- essentially new from foundation up. 

I have been playing the multifamily game for almost 10 years now, and the GRM is one of my least favorite methods personally since it ignores so many important factors (steam boiler versus electric baseboard heat as an example). 

Very early in the tenancy he made reference to a divorce that made money tight, when talking about an electric bill. 

Check w/ the City / County to see what the permitting process is, and what if anything you would have to do regarding plumbing / electrical.

Contractors performing structural, electrical, plumbing, or HVAC work are required to have the appropriate licenses issued by the City of Chicago.

Are there separate gas, electric and water meters for each apartment?

I would expect however to have bug fixes and maintenance for the system.

Are all 4 units metered for gas and electric separately or on master meter?