Rewire electrical that was above drop ceiling: ?

Finishing work needed: Drywall, tape mud and sand, painting, hanging cabinets and laying countertop, carpet replacement, installing plumbing and electrical fixtures.

Finishing work needed: Drywall, tape mud and sand, painting, hanging cabinets and laying countertop, carpet replacement, installing plumbing and electrical fixtures.

Rewire electrical that was above drop ceiling: ?

Heat, electric, cable, water and sewer is metered out also.Insurance, taxes, trash, vacancy, repairs, snow/lawn add up to 18k.Gross Income - $56,000Mortgage - $16,000Income after expenses and debt services - $22,000Cash Flow Per Door - $305CoC Return - 41%Cost per Door on purchase price - $44,000Retail per door in my area currently - 30,000-35,000.Numbers work great.

@Marisa RoweRemove washer and dryers out of properties that require the landlord to pay for water Update all electrical lighting to LED Appeal tax increases / assessments Require tenants to mow / shovel snow

It's a hard asset that not only has cash value, but it also reduces electricity costs for the occupants.Nope. 

The FHA says that examples of such problems include but are not limited to the following: Missing handrailsCracked or damaged exit doors that are otherwise operableCracked window glassDefective paint surfaces in homes constructed post-1978 (because of lead paint hazards)Minor plumbing leaks (such as dripping faucets)Defective floor finishes or coverings (worn through the finish, badly soiled carpeting)Evidence of previous (non-active) wood-destroying insect/organism damage where there is no evidence of unrepaired structural damageRotten or worn-out counter topsDamaged plaster, sheetrock or other wall and ceiling materials in homes constructed post-1978Poor workmanshipTrip hazards (cracked or partially heaving sidewalks, poorly installed carpeting)Crawl spaces with debris and trashLack of an all-weather driveway surface=================There are many areas, however, where the FHA does require problems to be remedied in order for the sale to close.Electrical and Heating The electrical box should not have any frayed or exposed wires.All habitable rooms must have a functioning heat source (except in a few select cities with mild winters).Roofs and Attics The roofing must keep moisture out.The roofing must be expected to last for at least two more years.The appraiser must inspect the attic for evidence of possible roof problems.The roof cannot have more than three layers of roofing.If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing, the FHA requires a new roof.Water HeatersThe water heater must meet local building codes and must convey with the property.Hazards and NuisancesA number of conditions fall under this category.

We are rehabbing an 11-unit and will be sub-metering electric and water. 1.

I'm leery about continuing to use a space heater due to the fire risk, the cost of the electricity to run it, and having to depend on the tenants to turn it on whenever it gets cold.