This ensures you have a clear picture of what repairs are needed and helps avoid surprises during the rehab.

Quote from @Ricardo Polanco: Good evening everyone, I am evaluating the possibility of buying a multifamily property in Scranton, at this moment it has 2 apartments that only need cosmetic repairs and it has a big 2nd floor unit that needs a full repair.

I would definitely factor in some substantial capex/ maintenance and repair costs which could lower your returns.  

Nothing to get crazy about but no need to deal with tenants, property taxes, repairs, vacancies, etc. just sit back and collect.

Class C and D areas/properties will always cash flow better on paper, but on paper things like extra repairs, turnover, evictions and such are often not taken into account. 

He missed significant repairs that turned a $10,000 refresh into a $60,000, 8 month rehab.

I bought 1 House out right, I am refinancing for 100k. had 1 renter paying 1000. using the refinance to purchase the second property, and putting renter for 1400. it will also need 25k in repairs.

Okay, let's allocate $1500-$2,000 for this repair that will need to be done.  

I've been an excellent student of calculating repair costs and ARV.

. $6000 repair.