Plumbing and Electrical re-worked Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The pumps and electrical equipment have all been replaced.

After speaking with the seller, who is an 72 year old real estate investor looking to move on to the next chapter of his life, he give me some information about the property: rent roll is $103,000 annually, occupancy is 100% and currently there is a wait list, there is no property management company (he manages the property himself), cap ex, insurance, and taxes are roughly $21,000. the 20 unit complex is split among three building where two building have roofs that are eight years old and one building's roof is 18 but "in perfect condition", each tenant is responsible for their own water, sewer, electricity leaving the seller only responsible for taxes, insurance and upkeep. 

Getting code to approve electrical and plumbing..

. $100 for electric?

Built in 1884 and located in a historic district, this will be a lot of work, from plumbing to updating electrical to changing the entire floor plan.

Add great amenities, beautiful photos, clean and new(er) furnishings. 

Anyone can comment on how to split electrical bills for a shared space? 

I can't remember the last time I did a renovation on one of my rentals when I had electricity and power....

The house had a brand new roof, new HVAC, updated plumbing and electrical.