The turn will typically cost at least one 1 month rent and then the freshening/repair costs.

Looking my insurance policy it mentions that I can opt for settlement under Actual Cash Value vs Replacement Cost. 

@Richard Benjamin WilhiteSince you inherited the land, I believe your cost basis is typically the land's fair market value at the time of inheritance. 

However, I still struggle to understand the art of estimating rehab costs. 

I am doing my best to accommodate and fix the insulation as well as see if there are programs in place to lower the cost. however i want to be firm with tenant as they are not compliant with paying rent because of the cost of the utilities.

Materials have increased more than 20% in the last 5-8 years.

For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?

Here's an article with things to consider when selecting a cost segregation company.

Simply put the risk of a non-renewal costs more.

Seems like it's in a lower end area so if it is filled you will have tenant issues and turnover cost.