Without considering the roof situation the property needs about 70k repairs to get it into great condition.

Ceiling fan install cost me $50, and sink would be between $100-$150 to install depending in the condition of the pipes. i think Garbage Disposal would be around the same.I don't do them in units, its just another thing to maintain.

there's some, but the building looks like it's in decent condition. nothing obviously in poor condition.3) Do you have any prospective tenants?

I told him that his rent would be raised to market value--high level of market value for the condition of the house - in 30 days

We've never had little kids destroy apartments and most people make sure place is in good condition so they can get their security money back. 

Single-family homes are generally more affordable and due to the higher demand and focus, they tend to appreciate more than MFHs.The valuation of single-family properties focuses more on supply and demand factors while MFHs are valued based on the rental income and the conditions of the property itself.

This leads me to think that in order for this to work I need to find a property in a pretty bad condition for a pretty sweet deal. 

That said, some portions of the projected $30k in DP funds will be coming from accts that satisfied said conditions.

My hopes were to hopefully buy the homes in poor condition cash, perform the renovations cash, rent them, and then refinance.

@Frank Ma - Age, condition and mechanical details of the building and what that means for differed and future maintenance:  flat roofs, central chiller, age and condition of ac units, etc.What is the unit mix and is it appropriate for the area?