@Jen TeskeI don't know the area so I can't speak about the market you're in, but just by looking at the #s, you're missing a few things: Water, Sewer, Heat, Electric, Gas, Trash, Lawn/Snow removal, Cap Ex, Property Management (even if you're self managing, this needs to be factored in if you want to scale), and although you did include vacancy, if a real vacancy were to occur on a SF you'd have a 100% vacancy, making it negative cashflow since you'd have to cover all the expenses, not knowing when it'll be filled again. 

How to analyse the rehab work required ,based on sq ft , no of roomsnterior FeaturesUnit Information# of Units: 1 Room Information# of Rooms: 7 Heating InformationHeat Type: Forced Air Basement InformationUnfinished Basement Sq.

Heat and hot water included (no individual meters).

welcome to BP @JD Thornock , just make sure you do your due diligence here in texas, cause you can get burned here to, not including the summer heat

Would love to hear of any other great tools out there.www.rentometer.com - compare rent for a specific address to the surrounding areawww.rentlingo.com/where-should-i-live - heat map for desirability of specific areaswww.areavibes.com - provides info about desirability of areas. 

Also see if landlords are paying for heat/water, etc.

I need a commercial carpet cleaner with heating element and tons of power.  

But don't forget that you have expenses like maintenance, taxes, insurance, heat, hot water, electricity, management, etc. 

Building is 1968- will have to find out about lead paintPitched Asphalt Shingle Roof with aluminum gutters, Ill have to double check but think its 5 to 7 years old.Separate meter for electric but owner pays for heat (Oil-- not sure conversion gas is worth it but option is there)Good question about wiring, i would've never thought of that..I would assume I want it to breakers..

Had to replace a frost-proof sillcock.Even some years back when we had a serious drought, the water was still good - little bit of sulfur smell in the heated water, but that's it.