The roof is tarped.

I doubt repairs are only 2,880 per door with 104 doors.Carpet and paint alone depending on unit sq ft size would eat up 2k a door.I haven't even gotten to  mechanicals or the exterior parking lot, roof, windows, water and sewer laterals, and  a host of other issues depending on when the property was built.You can have big rewards but huge losses if you do not have the experience.  

Finally now I am financially able to pursue that ambition.I've worked in roofing, siding, building, locksmithing, had a contractors license, have a degree in engineering, and currently work in aviation.I have already read a ton of threads on this forum, and I am looking forward to learning more from all of you.Anyone in the area, or who knows this market, please feel free to contact me.Thanks!

Hi Folks,Seller declined our conventional loan offer (225k, full asking price), seller and her agent don't think the property will pass appraisal/inspection process (needs roof/siding/decking work).

@Sean Pincus   Sean wish it was that good out here in Portlandia  24% is rare.. 10 to 15% is customary I just hit a 20%  and I have bouncing off the roof with Joy !! 

The numbers are as follows:Sales price: $115,000Insurance: $452/yearTaxes: $1252/yearUtilities (gas, electric, water, sewer, trash) (Unfortunately two of the units share a meter, so these are paid by the landlord for simplicity sake): $300/monthRents: $1645/monthThe roof has been replaced within the last year.  

., foundation, roof, mold) to cosmetic. 

To date... we've gotten approvals for two huge projects... roofing AND all windows and doors replaced.

However I have spent almost half of my waking hours fixing roofs, furnaces, sump pumps, and painting. 

One time I was rehabbing a house (as a rental) and the elderly neighbor came over and asked if we would fix a leak in her roof.