They supply comps using SFR criteria and that's not how MFUs are evaluated.MFU 5+ comps show GSI, (NOI sometimes), cost per unit, Cash on Cash and Cap rate.Little secret for your research efforts: ASK for everything, but GIVE nothing and then listen / read the data.  

I was lucky because I got all the furniture on the cheap.

Disclosure is always a good thing but I must have missed the section where they instruct us to get tested and supply to new buyer.

Best of luck, but please get some knowledgable advice.The State Construction Registry (SCR) helps keep property owners informed of all parties that supply services, materials and/or equipment to a construction project on their property.Through the SCR, property owners can list all parties that are expecting payment and have filed a Preliminary Notice to preserve their lien rights.

Accordingly, from 2007 to mid-2012 there was a healthy supply of REOs available.Currently, the institutional buyers are bidding up to 100% (or more) of market value at the Foreclosure/Sheriff auctions.

That could be a real pain to rewire and update.Plumbing is the next issue with lead pipes, I'd take the drains and water supply to PVC and PEX for your runs above grade would be great for your cold weather.Just thoughts on old building issues, but can they be nice?

Most of the furniture belonged to a local agency.

Just about 5 months ago one of my investor clients wanted me to supply and install eleven THOUSAND dollars of granite in a house that wasn't worth 300k.

You think I can get flooring done for $1 a sqft labor and $1 sqft for paint if I supply all the materials?

In college, I wrote a business plan regarding the purchase of foreclosures well below market value and turning them into premium student rentals in a market that was in short supply.