The repair costs are one of the biggest unknowns for me right now so I'm glad to know that bringing a contractor along is not taboo.

I don't see much of a value with that angle and a lot of unknowns with rates.

Two electric meters (first floor / 2nd floor)- Monthly Gross income approx $3k- Expenses are unknown, but I know taxes are $4k/year, and as leases stand all utilities are included in rent.There will definitely be some headaches.

---Account ClosedAn unknown way of raising money is to ask your aunt or uncle for business loan that has money in an IRAYou would use a custodian like trustetc .com for a promissory note and the IRA Le a business lends you money In my owner financing and rent to own tenant buyers that are broke, I have them do the same thingWrite a letter to your aunt or uncle that you think has IRA money and basically say:"I have a great business opportunity and I need to borrow $10,000 if you're interested in lending money out of your IRA please let me know I would pay you back over 6 to 12 months with interest"

Hire a good and experienced Inspector who can help you discover unknown expenses.

It is the hardest part of the business, especially on the first when you are battling both the market and your fear of the unknown. 

I knowingly bought a foreclosure with unknown plumbing status (utilities were off).  

i generally stear clear of coops because there are too many unknowns. strenuous screening for all tenants, high fluctuating maintenance fees, some don't let tenants in at all. and just because others do, doesn't mean they wont give you an incredibly hard time when you try to go through the process.

That's almost 8000 per year on an unknown investment amount, but probably not a big number.  

97 units studio $630/mo per unit (7) $4,410/mostudio $630/mo per unit (7) $4,410/mo  1b1b $785/mo per unit (20) $15,700/mo 1b1b $795/mo per unit (19) $15,105/mo2b1b $875/mo per unit (28) $24,500/mo2b1.5b $930/mo per unit (16) $14,880/mo100% occupancy @ current rates yield $79,005/mo $948,060/yrThe next numbers in this section are according to one of the listings I found and are not verifiedGross Annual Expenses: $446,168Gross Annual Income: $853,658 Net Annual Income: $407,490 Insurance Expense: $37,902Major Variables Seller's financials all currently unknown-bank deposits-expenses-taxes-insurance-management-maintenance-staff-lawsuits between tenants and owner-current occupancy of each floor plan (something online said 95% but, I doubt it)-delinquenciescondition of-structure-hvac-roof-plumbing old needs maintenance -foundation-parking lot-pool pumps/cleaningNoticeable areas of improvementexterior paint, shutters, landscaping need updatingpool and pool area is small and uglyoffice needs to be remodeledmarketing: nonewebsite sucksreviews give 3 stars at bestreviews online from tenants state there is only 1 maintenance person and multiple plumbing problems and poor management and possible pest control problemsOther notablesBeen on realtor.com for 361+ daysmature treessoccer field (could be re purposed)year built 1974class c complexPets okreviews online from tenants state there is only 1 maintenance person and multiple plumbing problems and poor management remodeled in 2010On the UNT bus route