Esmir's info, even if it is no longer consistent, is still a good low-end for me to come up with some range estimates. 7-10% below asking sounds great to me, hopefully there are still some of those left to grab.

Make all of the terms clear, even detail the late payment/eviction process.

Message me and I will pass on his contact details privately.

Please correct me if I am mistaken.In any case, I made the changes you recommended - here is THE NEW REPORTMore specifically, the changes I made to the report were...PURCHASE PRICE: combined the purchase price ($68K) plus repair costs ($80K)ESTIMATED REPAIR COST: removed this number, since I already combined it in the purchase price

The house was spotless when we came by.He had an instruction booklet which detailed things (outdoor shower, foot wash station, etc). 

They usually have an estimate calculator there.

This is because the utilities for each unit type have to come out of the budget before rent can be computed, and the more exposed walls, the higher the utilities estimate.  

I had the place inspected and it needs a decent amount of work (I have very little experience estimating rehab costs). 

Bought it for 199k, estimating about 25k of rehab and it comps for about 262k and hard money will be around 10k.

Can someone give me detailed steps on how to handle the situation?