My biggest concern with this property is the yard is fenced in, but the fence along the backside of the property is one of those big cement walls that has a busy interstate on the other side of it.

Stairs and Deck Warnings for Rental Property to be included in Rental Agreement. 

I drove by today and the place will need a new stairs and new roof.

Manager lives on-site.Ok, those are the things that are positive about the home and community.Now for the things I feel would need to be added/completed/renovated before ready for sale or rent:New gutters - ~$800Laminate flooring in kitchen and bathrooms to match entire house - estimated $500Stove/Oven - ~$600Fridge - $700W/D (optional) - $600Window in master bedroom - $200Ceiling fan in master bedroom - $200Kitchen sink - $200Redo all door trim/paint all doors/rehang, replace or adjust a few doors - ~$500 (just a guess)Add small door to water heater closet ~$100New master bathtub - ~$8003-4 panels of skirting need to be replaced - $ (no idea) but estimating $200Ramp/Stairs/Deck leading to front door needs to be replaced - $1000Landscaping in front - $200Cleaning entire home to make ready for sale - $200I'd like to get a foundation specialist to look under the home (free)Roofing specialist to talk to me about the metal roof (free)I need to ask her about the furnace (forced air) and its age and working condition.I need to factor in about three months of lot rent (at $375 per month) for the renovations to be completed - $1125And I'd like to have $1000 set aside for unexpected rehab expensesGRAND TOTAL = $8925This would mean that our negotiations to the seller would start at $11,075.First, are these figures anywhere close to realistic?

Demo kitchen, install cabinets, install countertop, kitchen electric, kitchen lights, kitchen plumbing (including saw cutting cement to run water pipes and electric).5.

Here is what we are doing...Re key home to make new tenant keysClean up and shape the landscaping and trim tree in rear of homeRepair exterior wood - Repaint all exterior siding and trim.Repair gate / fence leading into backyardReplace all kitchen cabinets with new cabinets - Paint white, then antiqueNew st steel stove, dishwasher, and vent a hoodNew countertops (kitchen)New wood laminate flooring in 2 living areas and hallway - 1st floorNew tile floor in downstairs bathroomNew vanity and sink in downstairs bathroomTile walls around tub to replace old tub surroundNew brushed nickel light fixtures and fans throughout the homeNew carpet and pad on stairs and upstairs hall and bedroomsNew tile floor in upstairs bathroomNew vanity and sink in upstairs bathroomTile walls around tub to replace old tub surround upstairs bathReplace old / damaged sheetrock where needed (mostly downstairs)Repaint all ceilings throughout homeRepaint all doors and trim throughout the homeRemove all wallpaper and paint all walls standard neutral colorsReplace all interior and exterior doorknobs and looks to new brushed nickel look to match lights and fansReplace all cabinet pulls and knobs with brushed nickel to match door knobs and lights/fansLicenced plumber to repair and service all plumbing fixtures / pipes to ensure no leaksLicensed HVAC technician coming to service and clean the heat and air to ensure it is working property."

Each unit has a basic interior door connecting to the stairs and we hear everything from the tenant going up and down the steps to him cooking even his laundry machine sometimes.

This reminds me of Engineering 101 The basics of hydrostatic pressure regarding cement with an initial high moisture content.

My second question was regarding a complete new stairs for a porch.  

Brand AwarenessAlthough, number 3 I could argue is more important for future years and not so much right now as I'd more concerned with further cementing our business structure, working out systems in all areas of the construction, reconstruction, and rental arenas.