Look for landscape, garage door, roofing, or other obvious neglect issues.

@George Smith I do not do any physical filing of our flips, all electronic, but if you are , you should add to your already good list:- Leads- Insurance- A folder for each actual flip- Landscapers- Lenders- Wholesalers/AgentsAll the best!

You really need to iron out utilities, actual *collected* rents, and even things like weekly/monthly landscaping costs.

Paint, carpet/flooring, some landscaping and misc. other things.

snow removal costs, landscaping, lots of expenses you left out.Please tell us you see Big Appreciation coming to your neighborhood .

Put the listing on hold, spend a bit of capital on putting in new paint, new ceiling fan, improve landscaping, removing the cable wires on the floor, replace the carpet and then take new professional photos and re-list.

There were no garages though, and the landscaping was kind of bare which wasn't a really bad thing.

I further believe each unit has it's own HVAC.Of course, the landlord has to pay for his insurance, taxes, and CAM (minimal as there is no grass/landscaping) and of course repairs/capital expenditures. 

- 1200 each so $2400 per monthOperating costs would be $7652/year ( prop tax, insurance maintenance, utilities, landscape) down payment 84000 borrow 336000 at 3.6% - 1589 which is $19068/yearSo I would net $172/month with an output of $84000.Would you buy it?

You'll also have to think through what it will cost to maintain the property (even just landscaping) during that vacancy.