However with will add in $3,000 per door as the units turn over to be able to raise rents and spend approximately $250 per door on the exterior to bring the property to life once more.

Taxes/ year: $3,002,  Insurance: $1,573,  Trash/ year: $654,   Electric/ year (exterior lights): $420,   Water/ year: $1,200 sewer/ year: $1,500,   Spray for bugs/ prevention: $311/ year,    Lawn cutting/ year: $640,   Misc (furnace filters/ 9v batteries): $250I have gotten mixed reviews back from my colleagues when they go over these numbers with me.

You can often call the utility company and get the past monthly average for the two years which might help.2: be sure to account for exterior maintenance including snow removal.All that said, if you are this far into evaluating, go take a look and see if it is something worth pursuing further.

Fixing the exterior, painting the interior, fixing the kitchen and the floors. 

Your repair budget looks weird, you have money for exterior siding, painting, garage, etc. and this is a condo.Initial closing costs of $450 seems low?

Are you a magnet for lawsuit?

All interior and exterior cracks have been fixed.

@John Cassel  I think those two things you mentioned (the exterior painting and bathroom renovations) will have a big impact on the appearance of the property. 

Hi all, I’ve search the forums looking for information on obtaining financing with an exterior only appraisal.

We provide an outdoor garbage can because we don't want garbage all over the property and our thought is that providing one will help encourage them to keep the exterior of the home clean (as well as listing it in the lease that no garbage is to be left strewn about the property.)