33 Unit - Asking $4350000 - ( I believe I can offer $4120000)Building is %100 occupied Current Rental Income -   $400380Total Additional income  $20698ExpensesReal Estate Taxes $66,695Insurance $8,407Trash $3,534 Electric $2,375 Alarm Monitoring $666 Gas $18,749 Pest Control $1,135Water/Sewer $24,051 Landscape/Snow Removal/Cleaning $12,168Management $34,439  Repairs/Maintenance $16,000Cap EX $20019                        TOTAL EXPENSES $208235NET OPERATING INCOME: $212843Dept service  $195600There is a big rental upsideCurrently the average rent is 1042 per unitComps tell me that if I fix up units @$8000 per unit - I will be able to get $1300 average on a unit.Once all units are done over the building should be able to fetch $6m after 36-48 months 

most 4 plexes that pop up on market need alot of repairs and are pretty outdated and i can build one probably cheaper then buy and repair and have reduced Capex in the first few years, well in this town anyways.

You have a lot more flexibility if you can do the repairs yourself.

If so, and you want to buy it as an investment, you'll have to put down 25%.CapEx and Repairs are way too low at 2%.

In addition to the mortgage, property taxes, and insurance, the projected calculations are taking the following expenses into consideration (5% rate for vacancy, 5% for repairs/maintenance, 5% for CapEx, and 10% for property management; otherwise the income figures would be higher. 

The home hasn't been repaired yet. 

Assign certain tasks to one partner (i.e. accounting, repairs, showings, etc). 

However if you practice ethically, the obligated fiduciary responsibilities differentiates you from the mountain of wholesalers that may be looking to make a quick buck.The demand for wholesalers has risen due the investors' need for quality deals and their inability to get boots on the ground to find them.

They insisted this was just $8k worth of work and gave a $3k reduction in price stating they factored in $5k for repairs in the price already. 

The roof in that area covers the room, and the back balcony/porch, and it is approximately 400 sq. feet.I got two estimates: 1) $4843.09 by Home Depot, the Sales Consultant stated that they need to repair my roof and the neighbor's together, they do not install new roofs on situations like mine, where the roof is "shared by two properties, due to potential liability issues being claimed by my neighbor.