Leave for the owners to run in electrical, water, sewer.First check everything is possible.Run your numbers.Make an offer that works for you. 

In NEPA (Scranton area) we've used licensed plumbers to install new gas boilers (either steam or hot water w circulating pump) for far less. 

Due to the floods, the water heaters' pilot lights went out and I had to send a repairman over to relight.  

I keep space heaters, window air conditioners, and some fans ready along with an extra water heater.

Even if you put $50,000 down with 4.2% interest your mortgage, insurance, property taxes, trash removal, water, owner's electric meter, maintenance, etc. will exceed $4,000 per month and there won't be any booty to pay your partners for 20 to years until after you increase rents.The property could make decent money for someone who can put $150k to $200k down and for someone who has a lot of cash in the bank for rehabbing units when tenants move, for a new roof, plumbing, repairs, etc.

That said, please provide your input on any and all of the following assumptions:-Repairs & Maintenance: 10%-CAPEX: 5%-Vacancy: 5%-Property Management: 10%-Water/Electric/Gas/Garbage: $0 (Assuming you could pass on this expense to the tenants.

Include vacancy, capex, mtce, taxes, sewer and water, mortgage.

It was affected by Hurricane Ida, and the street was flooded with up to 8 ft of water. 

Nathan,     To your first point, I have two years of rent equivalency saved in reserves for this property; we replaced the roof two years ago, all appliances except the fridge are new or refurbished, the water heater has been replaced and the fence/gates mended from a tornado.

I'm leaning on Hemlane more now than ever, and it does a better job than the "new and improved Cozy" . . .