Gross annual rents-25% (vacancy, prop mgmt, repairs, maintenance)- annual taxes- insurance= NOI.

For instance are home buyers willing to pay more for a house like that knowing their maintenance costs will be lower and return on investment higher (generally)?

That gives us an opportunity to meet them and do what @John Underwood said and ask if they have any outstanding maintenance issues or concerns. 

I believe you said you have all you're properties paid off and I've got one here in Vegas that is paid off too, but if I had a mortgage on it I'm certain I would be negative cash flowing if I don't ignore maintenance and cap-x since the house isn't new. 

So, unless you find a seller willing to finance for 30 years, you'll end up with a refinance at some point with a property that is way underwater, loosing way more than you'll ever get with a hundred or two/month in cash flow.2 thoughts:  First, find out how much you can rent the place for, add in all your expenses like vacancy and maintenance, figure out how much money you want to make (I'd start with $200/unit where I am), and come up with the a payment you are willing to make.

So a little background i recently closed on my first multifamily. it will be owner occupied as soon as the previous PM moves out (given to the end of aug) when I took over I sent a letter to all tenants explaining I would be taking over management and to bring all maintenance issues to me.

So if you paid off your mortgage, would the remaining expenses such as property taxes, insurance, and maintenance fees "keep you up at night" instead?

Look at if there are any ancillary income from the contracts; late fees, leasing fees, renewal fees, nsf fees, maintenance markup?

Also your budget for maintenance and cap-ex is way too high.

The sellers claimed it was cleaned up but upon a re-examination we found human waste STILL in the basement, not to mention the guy cleaning it up was just a maintenance man and had not come close to taking  appropriate measures to rectify (a shovel and hose doesn't clean up bio waste).