Some expenses are way out on the horizon, like a new roof - - 20yr guarantee is common and 30yr is better materials. 

Hi Karen, and Thank you, I’m actually looking at the rough numbers at this point for building the units themselves for high end luxury apartments to see if this is even possible before I spend too much effort on this one, I’ll be able to get Accurate numbers latter after I speak with the City officials.The Rehab, any demo, holding costs, Eclectic, plumbing, HVAC, would be another issue all together.I think I sent this request in a little prematurely, I should have a better Idea of the Appliances, trim and materials needed for this project in a little bit.

NOTICE: If Landlord fails to repair a condition that materially affects the physical health or safety of an ordinary tenant as required by this lease or the Property Code, Tenant may be entitled to exercise remedies under §92.056 and §92.0561 of the Property Code.span>If Tenant follows the procedures under those sections, the following remedies may be available to Tenant: (1) terminate the lease and obtain an appropriate refund under §92.056(f); (2) have the condition repaired or remedied according to §92.0561; (3) deduct from the rent the cost of the repair or remedy according to §92.0561; and (4) obtain judicial remedies according to §92.0563.

We don't look quite so smart.Now suppose second coming of the hula-hoop fails to materialize and the hula-hoop factory announces in June 2017 it is winding down operations after 65-years in the business.  

What material creates the roof pitch?

It would be a good material to start with.

Hopefully this will materialize into my first real investment sooner than later.  

dose this building fall under historical rehab tax credit or can you put in place cheaper material and do capital impovements along the way thier many ways to save money on rehabs just depends on how much labor you want to add thier are many second hand supply warehouse in STL and surrounding area I understand the money hardship and bankruptcy will destroy you ( been thier done that, not cool) you can look at hard money or saving money on labor and material by doing it yourself just some ideas. .... good luck steven

If you are willing to go in with an amount like that, hire a contractor/s for a week, pay him 150-250/day. walk with him a variety of work scope, if you want to go extensive, hire another contractor to do the same scope and the same houses. at least 4 locations a day, you will have 20 properties at the end of the week. what he needs to do is, for each and every scope, he needs to justify how many days and how many guys he can do it, then how much materials does he think he need to buy in dollar value, and what he will be buying, you don't need the quantities for you not to overload your brain.

I am not an expert, but IMO disclosure obligations concern material facts, that someone died there is a historical fact; and not related to the physical condition of the property.