Depending on your exact setup it should be between $16-28k unless are doing some unique setup.Typically, we don't see panels getting broken into 125 and 50 it's usually just 100 across the board. 

Referencing another recent post, there's not a great software solution that I am aware of for on-boarding a new MTR resident.If you aren't already, I would make sure you disclose to a potential resident any relevant issues that are endemic to a unit as early as possible.

Generally speaking condo are cheaper to get into, but you have higher costs due to condo fees and if the condo board does a bad job running the place, you will have even more costs. 

If they have multiple properties in the same area, I know this gives them operational acumen and discounts across the board.

Quote from @Bruce Woodruff: Yes I agree with Bruce, I had one done about 2 years ago now for a client that got me fully on board with having my clients do them all the time.

Central Birmingham has a lot of boarded up/burned down homes throughout the area which are deterrents for the rental side.

I'm on board 1000%!!! 

If there are other small lots around that neighborhood, the zoning board likely will approve some kind of building though.  

@Christian Gibbs a lot depends on what the attendence at town council is about, are they specifically representing you and your property to town boards?

We also are very verse on the Property Code Laws of what legally we must do and what is just good business.So @Ian McClure to answer your question, it would depend on how the new tenant was on boarded and what kind of business the owner runs concerning his property