The developers need both economies of scale and top-end rents to make the numbers work.Post some more details, location and your financial breakdown, and the community will help you walk through whether this is actually a viable plan. 

That’s ARV, , number of bedrooms, rents, expenses (including any utilities), conditions and estimated repairs costs, etc ...Why?  

The asking price was $275k and initial monthly rent collected estimate was $3000.

I have put a spreadsheet together that details my numbers. 

I notice your repairs aren't broken down by category, so I'm curious to know how you came up with an estimated budget of $70k. 

I would want to better understand the situation around the “eviction” on tenant 1and have a detailed conversation with the past 2 landlords.

This week, 2 months later,  the PM sent another maintenance person out and found 2 issues:1. water leaking from the ice box water line.2. hole in bathtub floor that wasn't there in August 2017.Along with that, they provided an estimate for the extensive water damage due to these 2 issues.  

What are estimated repair cost and cost of damages?

:)  I'm wondering about the details of how the transfer takes place from the current building owner to new building owner/landlord.

After all, they argue, who needs to know that a former property manager systemically overcharged us all more than $224,000, a fact the board never mentioned until I posted details on the website?