If you do not leave the unit in good condition when you move out, you will pay, on demand, as damages all cost of cleaning, repairing, and redecoration the unit, and forfeit all or part of your security deposit, based on the cost of such cleaning and repairing.

The house is a century home and to make it compliant could be a huge undertaking.

Note investing is a simple concept, but a complex undertaking.

Hey @Deonte Berry, you'd need to be more specific in knowing which projects exactly your considering undertaking in the rehab.

When you undertake analysis in other markets, keep this in mind because not all counties handle records the same way (hence, you need to normalize the data.)  

As previously stated, I do plan on undertaking a mild renovation (Paint, flooring, etc.) in which I can force a little appreciation, but am I leaving a lot of money on the table because I do not want to swing-and-miss on my first deal?

I would advise against doing a structural renovation as your first shot though, that's a large undertaking that is not for the light hearted. 

Is it a huge, expensive undertaking to try to put a small kitchen in each unit or is there a way to do it efficiently?

This single fam had major roof and ceiling damage... probably a bit more involved than a newbie should undertake but I'm a gluten for punishment.

This is huge undertaking for a beginner however I want to practice running the numbers on this property.A little information on the propertyListed: $8,889,000County Appraisal - Improvement: $1,388,880County Appraisal - Land: $2,661,120Taxes: $125,000/yOn Market: 125+ daysBuilt: 1972Renovated: 201754 Units: 22.3% Studio, 63.2% 1Br/1B, 14.5% 2Br/2BRent between: $895-$1750100% Occupied - Average age of tenants ~35Cap Rate from Broker: 5.6%NOI: ~$500,000Assumed Vacancy: ~9%Coined Laundry: ~$500/mElectric Reimbursement: $2,500/mAdmin, Management, Turnover, Utilities (pool included): ~$100,000 Maintenance: $2,000/mInsurance: $25,000/yNeighborhoodAverage listing price: $420,000Average time on Market: 60 daysAverage price sq. ft.: $250 (SFH)Purchase InfoAssumed Purchase Price: $6,125,00025% Down over 30 years2% purchase costs: $122,000First year IRR: -3%I believe that the list price is overpriced for the area given competition.