Beach, I would also suggest that you schedule an inspector or some sort of third party.

Second I would suggest you come by for a weekend and drive the city street by street and just take notes.

My last suggestion would be to raise the rents of your tenants if possible!

For a more involved approach, suggest that tenants track their appliance usage for a more accurate and cooperative adjustment of payments.

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

HI Tomas, It depends the nature of your job.

The only quick number there might be is doubling the cost of materials to add in labor, but that's not guaranteed - some jobs have few materials and a lot of labor and others are opposite. 

That's the route I would suggest to go first. 

(When I was in my 20's - I am now 77 years old, I did a ton of equity based foreclosures.) 6. offer to partner with the sale and liquidation of the property for a fee or equity position.Understand that as a foreclosure buyer - you need to first try to solve the owners problem  by giving suggestions to him - how can you help him, what suggestions can you give that will help him out.

If they personally don't have any larger MFR experience, then I would suggest forming an LLC with someone who does who would be willing to jump on as a low-level equity/experience partner and that shouldn't be a problem.Good luck and let me know if I could help you put something together!