Even if it were accurate, it doesn't reflect how you are going to perform as a new investor.

Just curious about anyone's particular situation that maybe reflected this scenario (Baltimore rental owners only please, thanks).  

Matt, Why not amend the lease to reflect the new move-in day.

Cap rates usually reflect about what you get in the area for multi-family but builds are newer and usually in place management. 

Does the price of the property reflect that it needs a roof?

If you’re confident and numbers reflect that let’s connect and learn more.

Well, for the asset protection I'm trying to create, the deed will reflect the name of the LLC or the trust as the owner of the property and the insurance company writes the policy in the name of the legal owner.

The negative balance sheet may not reflect the true financials as you state. 

Usually, when the RE indexes start to fall, it is reflected in the real world after 3-6 months.  

Obtain good liability insurance (some liability coverage can often be included with the landlord or commercial policy).Updating Lease Agreements: If you have tenants in the property, you'll need to update the lease agreements to reflect the new ownership by the LLC.Planning: Assess the overall costs and plan the order to do the items.Finally, while this list covers several points, it is not exhaustive, and the complexity of the real estate and tax laws means there may be other issues and considerations.