Opportunity cost is the name of the game, in a fiat system where we create money out of thin air; Money now is more valuable than money in 30 years.

It might be a good idea and it shouldn't cost too much as it is all computer generated.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

@Samson OniI would ask for a credit for the amount it would cost you to fix.

There is also room to add on and make it a triplex, I need to get quotes for the cost. 

Looking for something that helps factor in all variables, fixed costs, interest paid on hard money loans, reno costs, etc etc. 

If this were the case, then your model wouldn't be effective anyway.

However, I'm a bit confused about the process, specifically:Who is responsible for paying the closing costs, and how do you bring it up?

I've done my fair share of research into good 'rules of thumb', but not any that consider the cost of land in the area.

Make sure you are asking about all the terms - the maturity date, the adjustment period, the costs, etc.