So plan on spending an extra $5,000-$7,000 per unit every 8-12 years for "freshening up" B or A units. 

Just jump in head first, and make sure you have enough of a cushion in the deal to put in an extra few thousand for closing. 

They build in extra padding, so the unexpected does not derail the entire project.When creating your budget, make a room-by-room outline of work needed and estimated costs.

Account Closed I was actually told by my CoStar rep a few days ago that you can list property on CoStar at no additional charge, but the only extra charges are if you want to list it on LoopNet.

So very helpful :)Yeah the idea sounded weird at first, but it may work well for me (aside from my broker making extra commissions for his good idea).

Good questions to start with @Kyle Jey - this gets my wheels spinning.I will self-manage and I live very close.Landscaping, snow - these are not factored in besides the maintenance percentage (5%) I listed in my post.I have no idea if the place needs rehab; all units are currently occupied and there are no images of the inside.Closing costs - hadn't thought about this; would attempt to roll into the mortgage payments - maybe $100/month extra?

.- Key FOB and extra security are always huge.

rehabbed the trashed studio into a 1 bedroom, made repairs to broken exterior staircases, coin operated laundry room, and fixing up the garage for extra income.

Replacement cost is going to me more expensive but is worth the extra expense. 

In my guests reviews, they have mentioned this time and again and I think its worth the extra $10/stay.