I'm a construction cost estimator building my real estate network, and want to offer my experience to the BP forums.I've spent 3 years in residential estimating and 5 years in commercial estimating.

This was a project that I needed to get done quickly rather than get it done cost efficiently.

Good Afternoon, Wondering if anyone could speak to maintenance costs on multi family properties in the great Portland market. 

Repeat clients mean more compensation with lower expenses (leads cost money) AKA more profit.

They will look bad and it will likely cost them customers.  

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

I have hate for no one.This is simply an observation or something that is important to understand when you are in this business- because when you go to turn certain units you may run into this big extra cost.

On top of that, the profits seem to be higher due to less costs.

legally, as a cost basis of the house, it should have been included in the closing documents because it impacts things like taxes collected by the state, etc.  

The unknown is a big factor that WILL cost you money in the long run.