Oh yeah, we also renovated every square inch, including a new roof, HVAC, hot water heater, windows, waterproofed the basement, What was the outcome?

What I don't like about the property:Location (possibly, but that's why I'm coming to everyone on the forum for advice)Possible costly repairs to fix the upstairs units, the bones look good from the pictures but I understand that it would need an inspection from a professional to assess things like the roof, electrical, plumbing, etc. 

I looked at the exterior the other day and it most likely is going to need a new roof soon, also the exterior could use a new paint job but nothing too terrible.

Keep in mind we do not have known cost amounts for these repair items, and can just make estimates, and hope no other costly issues are uncovered after attacking some of the repairs.My question is, with our next interaction with the selling agent, should we:A) Ask for the major repairs be metB) Ask for a decrease in agreed upon price (without great idea of what the repairs will cost)C) A combination of both; settle with some repairs met, and a decrease in priceOur entire list is below: (keep in mind that I am not sure if all of these things need direct attention to get the unit rent-able, or if some items can be overlooked for now and deal with later as they become more of a problem)Repair List:Items that need attention before renting unit:Big Ticket Items:Install furnaceInstall all new appliancesInstall water heaterExterior electric power supply is damaged, needs repairInstall guttersNo termite treatmentNo gas meter, install newAttic decking has moisture damage, needs repairSmaller Repair Items:Install electric panel faceplate and secure exposed wiresTwo prong outlets (could not test), swap out, install GFCI where neededTrim tree limbs in contact with power linesMissing light cover under front entranceRepair kitchen windowsRepair kitchen sink leakRepair utility room leakInsulate atticSeal gaps in living room doorLoose bathroom faucetAdjust shower water pressurePatchwork performed in multiple rooms, walls are plaster on wood lathe- which I have been told can have asbestos issues once opened upDeferred Cost Items:Large tree removalTorn and missing roof shinglesSeal plumbing boots on roofRaised soffit under car portSecure electrical lines in attic, they run over attic stringers, not through them (necessary?)

New deck, Roof, HVAC, Floors, Furnature, Hot Tub, Landscaping.

On the other hand, you have a collection of individual homes on one area of land, each with their own door, roof, foundation, etc.. 

I am about to start a flip in Rockford and am having trouble locating a good roofing contractor. 

The best thing you can have ready would be some tarps, a couple dozen 1x2 wood strips to hold the traps down.....if you lose a bunch of shingles you need to cover the roof....it will be a couple of weeks before you’ll likely get someone else to do it.

What if you need to replace a sewer line or a roof?

Mostly made up of 2 beds/2baths-Elevator serviced building with a large common roof deck