That being said, the land and established septic and water would be worth what I will offer. 

But whereas it has fallen into disrepair and has some water and termite damage and needs hundreds of gallons of paint and hundreds of yards of carpet, it has potential.

At 93k I can get 10% CoC and $200/month in profit.Here are the numbers as I see them:% Down Payment 20.00%Down Payment $23,800 Remainder of closing costs$5,500.00 Total Due at Signing $29,300 Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $511.05 Taxes $135.25 Sewer and Water $- Trash $- Heat/Utilities $- HOA $- Cap Ex and Ops $150.00 Insurance $65.42 Mgmt Fee $103.50 Vacancy $93.15 Total Expenses$1,058.37Total Revenue $1,150.00 Cashflow/month $91.63 Cashflow/year $1,099.55 Cash on Cash Return 3.75%

I could also give you some standard per foot or piece count prices on some of the basic things like paint, carpet, or a new water heater. 

Any input will be greatly appreciated.So each unit is 1450sf 3bedrooms and 3 bathrooms, two stories, with 2 car garage.Rent is $2400 per unitproperty taxes 1.5%Owner pays for water/sewer $500 per month.

That was very helpful.The numbers that I have at this point are as follows...HOA - $30/monthTaxes - $100/monthInsurance - $250/monthManagement fee - $140/month ($1400*10%)Sewer, water and utilities are paid by renter.I'm currently speaking with a loan officer about a cash out refinance to see if I could qualify for one as well as what the numbers would look like.  

Has anyone leased out parking spaces to self dispensing water & ice machine vendors.

Electronics of course, but also copper pipe, heater, water heater, etc.

I used Kansas Basement and Foundation who put up I beams on a cracked basement wall in a rental that was starting to lean inward and leak water.

Single family prices have slightly cooled over the last couple of months.