In my old state, we could draw up plans on a napkin and send them in, get our permits.

But we always caulk the front and sides for sanitary reasons.Also, for elderly tenants, you may want to consider replacing the toilet with one that is chair height (high boy or ADA type) as it will be easier for them to use.

"Landlord's Obligations: The role of the landlord in the HCV program is to provide decent, safe, and sanitary housing to a tenant at a reasonable rent.

The easiest part of the napkin calculation is rent vs.

At which point you can do some "back of the napkin" cost estimating for development and use this numbers ($/Sq Ft) to compare against the going rate of existing Facilities.I hope this makes sense and helps. 

.- Paper products such as toilet paper, a bag of paper napkins, 1 paper towel roll to start them off.

1400 rent-300 If financed (guesstimate)-400 HOA-140 PM-170 taxes-25 insurance-140 vacancy-100 capex=125 cashflow monthlyobviously back of the napkin math and you didnt provide enough info in regards to capex PM etc but doesnt seem terrible nor great using back of the napkin math.

I'll pm you later then I find out more. i actually have the napkin financials on that one but they have changed a lot since then. 

@Dave Holman @Kenneth LaVoie @Mike RoyHave either of you done some napkin math on natural gas boilers vs mini-splits?

It works well for the initial 'back of a napkin' phase of evaluation though it doesn't give you a clear picture of what the house is actually going to cost you long term.Does that clear things up as to my perspective on CapEx?