(HVAC and water heater are end of life, plus needs interior/exterior paint, flooring, and other significant but not major issues). 

So i have this 4plex im interested in but dont know if its a good deal i ran numbers based on pro forma and got good numbers then i finally got the financial spread sheets and renters roll and its still kind of good but want to run it by you guys: some backgroundProperty was rehabbed by current owner. has 4 separate hvacs all interiors have been painted newer roof new carpet new tileList Price: $309,000Year Built: 1960'sUnits: (4) (2) 2 bed 1 bath (2) 1 bed 1 bathGross Monthly Rent: $2,695Rents: $595, $595, $710, $795Monthly Mortgage w/ 25% down & 4.5% interest rate including insurance and taxes: $1,356Water, Trash, & Sewer: $200Management Fees: 10% ($269)Maintenance: 5% (134.75)Landscaping: $130Tenants pay electricity and gasfeel free to plug in any missing factors all help is appreciated

Place needs gut reno so it has been painfully slow working through the pre-existing city violations, getting an architect and now trying to find contractors in my budget for the interior.

If its an occupied foreclosure where the bank "knows nothing" and there are "no interior inspections - do not disturb tenants", at least visually inspect the exterior for signs of deferred maintenance and look for signs of occupancy like an empty mailbox @7pm, lights on, car tracks in snow, prior to making your offer. 

Been doing my newbie research and came across an article about Offers Subject to Interior inspection.  

Finished off interior or exposed studs? 

Get the interior stuff done and get it rented.  

Insurance was purchased should property damage occur but I have not made the former owners aware of my purchase and there are no records / pictures of the interior of the home.Expecting to have to gut the place anyway.Seeking someone to speak from experience.

You should get in at least every 6 month's to do a quick assessment of interior. 

However, I do have many connections in the business since I am an Interior designer and custom home builder of luxury properties and do want a prestigious name to attach myself to.