We're maybe a quarter of a mile from Clear Creek, but its about 30-40 feet below us in elevation.

I'll even throw in a brand new AC and water heater and you're still nowhere close to $30K.I think you can elevate the value, improve the cap rate and not risk $30K.

This article, "Fix your elevator speech"http://www.inc.com/marla-tabaka/fix-your-elevator-speech.html did makes some good points.

It takes a little bit to get used to, but it has elevated my productivity several times over and reduced my stress level.

So, those results are pretty meaningless to those who are familiar with the methodology.If there was obviously elevated mold levels in the house at some point and you remediated that mold, you need to disclose so that the buyers can choose to review the air quality test results and determine for themselves if the levels are acceptable.There's a reason I know this much about mold.

It would be immensely helpful if anyone could enlighten me on what to expect on the subjects of fire, elevator and water tower inspections (frequency/cost), building maintenance, insurance, property management, etc.I believe 5% each month and a 2-3 month fee for finding tenants, please correct me if im wrong. 

It will be cheaper if you get an elevation certificate)Mgmt Fee $160.00 (pay this to yourself even if you self manage.  

And the second floor will not be conducive for patients unless there is an elevator, and ADA requirements.From both an beauty point of view and a  business point of view, and my personal experience I'm not much in favor of duplex conversions. 

As long as you feel long term that the rents will continue to stay elevated and the prospects for your area are strong..Problem with condo's is that they are a wild card when it comes to fees. 

If there's no elevator, stay away from second and third floor units.