@Justin Heitter, you can see actual electric/gas costs for an address here: https://www.myavista.com/your-account/moving/high-...WSG should average $65-75/month/door.Management will probably average 8%, depending on your manager.

My experience with a PM company was terrible and I would never do it again unless my only concern was cash flow.

Also look at what assets your construction company owns. if you have very few assets and you have sufficient insurance then there is little to be concerned about in case of a suit against your company.

I'm planning to do a 1031 because like the idea of deferring taxes, but given that I have limited REI experience I'm concerned about forcing a bad deal to avoid taxes.

My only concern is adding the bathroom.

It is not a figure I need to be concerned with for purchasing 2-4 unit MF properties?  

My main concern was the age of the property but it is brick and seems to be in good shape.

@Mike McCarthyThat is exactly my main concern right now.

By Day 60, were federal agents at the door accusing the tenant of sending child pornography through US mail because multiple envelopes with their return address had been sent to several government addresses throughout the Los Angeles area?

only concern Is tItle sInce Its In hIs moms name.