I lived for years in a house like this and we maintained two meters because it would one day go back to two family use but many take the second meter out, to restore you would need to update certain electric components, they won't let you connect to some types of out of date wiring.

Same with the electrical system and components.

Or perhaps I should say that the technology has come a long way to enable an entrepreneur on a shoe-string budget to put out a book with an audio component!

This aspect of working smarter, I feel is the key component to what distinguishes their training from others.

We’re going to BRRRR properties and have them managed by a local company, and in a couple of years explore adding our own management component to the organization.

For low-cap areas, investors mostly look for total ROI (Return on Investment) opportunities which may or may not have a cash-flow component, but usually has an appreciation component.

And like Jay says, be sure you vet the PM - for this will be a critical component in the long term success. 

The bathroom had components added that made it look like a hospital. 

Location is always a key component and can vary from market to market.

Your NOI has Maint Supplies, but likely does not have an appropriate capital reserve to replace depreciating components: roof, HVAC, etc.Also, the utilities at 30% of gross potential rent are off-the-charts ridiculous.