To keep this post shortish I won't get into the details of how I justified doing this deal but everything else went well until 2 weeks before closing.Two weeks before closing, I get a call from the lender that they have some changes that need to be made to the appraisal that The Bank made on the house, but The Bank didn't have access to it anymore.

PM me if you'd be interested in further details and I would be happy to share the thought process on my end.Congrats on finding what sounds like a great deal!  

Detailed electrical compliance along with the long overdue & more stringent fire safety requirements such as fire sprinklers & 24/7 first responder alarm panel systems etc.

TaxesInsuranceMortgageLoan acquisition costs (settlement fees etc.)Utilities during rehabMileageRepairsCapital expenditures (detail what it is & cost for each because different life for each)Meals MarketingService / laborOther / misc.

"$20-25k for spiral stair case install and remodeling of attic = $542,500"Details please: What were your costs to repair/rehab each apartment, common areas, and top floor/attic apartment? 

😊I did not see that my brother posted these details already whoops

cheapest quote details for 4 ton  single stage systemhighest quote of 29k for high efficiency multi stage unit I had a sticker shock with the lowest quote too. any recommendations for a lower cost hvac replacement

I can give you better direction with more detail and maybe help you find a deal. 

If you never seen a scope of work then juts imagine a list of work that needs to be done with detailed description and itemized. 

And some will take this further by saying that if there are landlord paid utilities, one can expect expenses to be an even higher percentage of rent (60% is a figure that gets tossed into play).Search the BP site to find threads that discuss those in greater detail.