So a 10 unit building, 5 up/5 down, is probably looking at about a 60x60 building footprint, minimum, plus common area, plus compressors/utilities, plus parking for whatever mandate is in your zoning (2 per unit, or maybe more).

If a major repair is required I utilize funds from the account and then direct all monthly cashflow to the account until the 4% is restored.  

Stay below 30% utilization, 50% at the very maximum. 

From what I can see from the windows it seems the bank has kept the utilities and AC on, and aside from a carpet cleaning and some paint it is pretty clean.All that being said I'm am thinking of picking it up to rent for a few years, then I'll upgrade the kitchen and flooring and move into it, and rent my current home, or sell it depending on how strong the market is and move on to the next investment.Problem is that while I have awesome credit (820+) and work history, I only have maybe 5k cash I can use for the property, the rest needs to be mortgaged.

Utilize postcards as my marketing vehicle, beginning with sending out 1000 of them to my target audience per mailing to start with.3.)

I did my numbers and came up with a fmv of 23k so i was able to talk seller down to 12k from 25k...rent  is currently 425 a month my plan is to wholesale it as is investment property tenants pays all utilities  except water and sewage.

House tenants pay more utilities like water, sewer and trash than apt. tenants. 

We utilize technology such as Skype to substitute for face-to-face meetings. 

we did not use the utility so why should we pay for it?  

If financing, are you considering utilizing US or Canadian banks?