So 3 of the homes are metal/metal (siding & roof) and the the '91 is shingle vinyl?

The upstairs also needs the floors refinished, painting, cleaning.The decks were okayed by an inspector according to the current owner but they look like they don't have many years left.The yard is like a jungle so it needs to be cut/trimmedSome of the siding shingles needs to be repaired or replacedThey ran new electrical wiring upstairs but it needs to be connected to the box in the basement.The owner has agreed to remove the dumpster currently in the front yard and clear out all the "trash" there before it sells.ARV: $98-102,000Repair costs: $20k on the mid/high sideUsing 70% of ARV and an assignment fee of $5k it looks like my MAO would be about $43k.  

Here's what I'm looking at:4 bed 2 bath split level home (basement+ground level) carport (no garage)1800 sq ft home 6000 sq ft fully fenced lotSelling agent's resale estimate: $135,000 - $140,000Buyers agent resale estimate: $130,000Zestimate: $125,000 Selling agent's estimate of repairs $10,000 - $20,000Buyers agent's estimate of repairs $20,000Selling agent's Prop. mgr estimated rent $1000 - $1100/monthBuyers agent estimated rent $1200 - $1400/monthZestimate rent: $900My guesstimate of other costs (closing + unknown): $10,000 --------------------------------- Here are the figures I plan to use:Sale price: $125,000Total costs: $30,000 = $20,000(repairs) + $10,000(other) Rent: $900/month =========================================== Max Purchase Price (MPP) using 70% rule: $57,500 ---------------------------------------------------------------------------- MPP = Sales Price * 0.7 - Total Costs MPP = ($125000*.7) - $30,000 = $87,500-$30,000 = $57,500 =========================================== Max Purchase Price using: Sales Price - Other Costs - Profit - Repair Costs: $75,000 ---------------------------------------------------------------------------- Desired Profit: $20,000 MPP = $125,000 - $10,000 - $20,000 - $20,000 = $75000===========================================Rent Yield (MPP $57,500): 12.3%Rent Yield = Annual Rent / (MPP $57,500 + Other Costs + Repair Costs)Rent Yield = ($900*12) / ($57,500 + $10,000 + $20,000) = 12.3%Rent Yield (MPP $75,000): 10.2%Rent Yield = ($900*12) / ($75,000 + $10,000 + $20,000) = 10.2%=========================================== ///////////////////////////////////////////////////////////////////// More details (from my relative): ///////////////////////////////////////////////////////////////////// Repairs needed: New shingles for roof.

I have replaced several roofs on my multi-family properties in the Syracuse area over the past three years and have generally been paying around $450/square (that includes complete tear-off of the old shingles). 

But, while I was on the phone with him discussing options (shingle vs metal), he lowered his quote verbally by $500. 

The contractors realized there was significant rotting to the wood siding due to poorly maintained gutters, so the siding would need to be replaced instead of repainted, so, $1,200.00 for the shingles and siding plus labor for both re-roofing, instead of just re-roofing and paint.

You just need to make sure that there are no cracked shingles and if there are you should be replacing them ASAP with cement siding to match

We repaired the exterior (shingles and roof), then painted the exterior.

There are heavy stains on the North facing shingles and the granular material is loose on shingles, which are signs of wear and age and indicate that the roof may be nearing the end of it's useful life.

Early September, while I was visiting the town where my duplex is located, I noticed a few shingles missing from the roof.