@Dante Bellins@Jeremy Davis hit the nail on the head with his post.

I would think it could possibly end up on the divorce decree who gets to stay in the apartment if they really wanted to butt heads about it long enough!!

The actual prices are less important here than the example of how to evaluate by breaking the home into sections and knowing in your head (or on paper) what you costs are for each class of typical section  items.

Those are a few I can think of off the top of my head.

I have been beating my head against the wall trying to make potential deal around my local work for buy-and-hold, just not gonna happen, at least not in a positive cash flow way.

To be an FHA direct lender you need to meet the following requirments: 1)Certified original audited financial statement with adjusted net worth of at least $250,000 that has been prepared within the last year.2)A senior corporate official showing at least 3 years of experience handling FHA affairs (loan origination and servicing background) 3)Multiple credit and background checks to verify legitimacy of the heads of the institution.4)$1 million warehouse line of credit or equivalent funding program to show liquidity and lending power.5)Business plans, quality control plans, E&O insurance policy, sanction letters, fidelity bonds and other formalities to provide security.As you peel the onion it makes more and more sense why some lenders offer certain services & products and why others simply don't qualify to do so.

Seems like you're headed in the right direction.

I would be concerned that significant deferred maintenance is rearing its head right around the corner.

That's when in my head I said, s*@t another road block.  

Read up on the restaurant industry and get into the heads of those who are successful.