We’ve done everything from rim joist, main water lines, all new plumbing.

We’ve done everything from rim joist, main water lines, all new plumbing.

Since it is a duplex, and the area might have better vacancy than this, but for budgeting, I like to  use 7-8% vacancy for underwriting.5% Capex - it mentions "Newer", but I would really dig in and see what major systems will need to be replaced in the next 10 years, and back it out from there.

Cmon in the water's fine and there's always room for good QIs in the industry but you won't be able to do exchanges for any of your clients.And there's a little more to it than just the right docs. 

I once had a hot water heater die and I had to wait six days to get it fixed.

Also, can I ask what your average water bill is? 

Hide whatever that reddish looking pipe is going across the ceiling (Is it a Pex hot water line maybe?) 

Wooded and spacious, just a little far out, but only 10 minutes from the interstate.Sales price is 600k9 units rent average $900Expenses are just lawn water taxes insurance 15000Gross income 97200NOI 82200The cap rate of 14 works but is valued at 66k per unit.

I got some reports and there seems to be structural damage due to flooding from a water main in the area.

Are you near the water?