Plumbing?

All the city had to go by were general vague wordings like "STOP ALL WORK WITHOUT PERMITS UNPERMITED PLUMBING ELECTRICAL.

@Brittney Lynn it is normal to be nervous, don't let analysis paralysis set in, but take a hard look at the numbers and the feedback I am sure you will get on the forum.A few things I saw:Vacancy at 3% might be right for NYC, but you need to make sure you have a good reserve fund counting on $1000+/mo rents in case it takes you two months to fill a vacancy if you end up evicting someone, or they leave mid-month and it takes a few weeks to turn the property.Depending on the age of the property I would definitely increase the maintenance to ~7% at a minimum as things will come up and unless it has been recently rehabbed I would expect plumbing, etc issues to be common plus any costs to prep the property upon a turn(unless you are counting on CapEx for that).The one thing I didn't see you mention was Property Management.

I've never had issues with the electrical system--generally, you can tell whether it must be replaced by looking at the electrical boxes--but I've had plenty of issues with plumbing, which led me to allocate $1000 for plumbing repairs straight out of the gate, in case there are burst pipes or cracked valves or the like.

Our main product is flooring, but we also carry lighting, faucets, door knobs, plumbing (Toilets & Sinks) and other opportunity buys as we find them.

Alex's rehabs are top notch from my due diligence and experience.. homes are taken to the stud's new plumbing new electrical new windows all new kitchens with slab granite under mount sinks bathrooms completely redone in tile.. ( heck they are as nice as my new construction here in Oregon). 

When repairs exceed a certain dollar value and when changes are made like adding an electrical circuit or moving a wall or moving plumbing, like rearranging a bathroom as examples.

In that case, you'll need to call an plumbing/heating company that has someone on call.

Some of the work to be completed will include: interior and exterior paint, floorboard repairs, crawl space plumbing, kitchen and bathroom repairs, window repairs and new light fittings.https://www.dropbox.com/sh/f726gfkldfx2lpw/ixciOvYX_ENow feel free to show me yours?

So locating a plumbing stack for these bathrooms would be straightforward.Going from 1/1 to 2/2 would probably raise the potential rents on these units by $2-300/month a piece.As far as the cash flow, this depend how much money I'm willing to leave in the deal.