Local advice would be greatly appreciated.Side note: I need recommendations on a good local kitchen remodel company/contractor.

Either or works Well just use this as a simple example 24 Unit apartment Complex ( B-  or C +  type  property Purchase Price - 1,920,000 ( $80k Per Unit ) may be low in this market Down payment - 25% = $480,000 Rehab - $ 6,500 per Unit ( some units  more than others ) = $ 156,000Common Rehab - Water Heater , laundry room if it has one , Paint of building , landscaping , windows , parking lot  , roof ( 10k - 70k ) This ranges a lot depending on the property Closing cost - 20-30k tax - 7,000 / year insurance - 12,000 ( wind n hail , general , fire  ) / per year Property Management ( 10 % ) = 2,160 / per month vacancy - 10 % = $ 2,160 per month Cap X ( fridge , window , curtains , doors , paint , roof , pavement ) - 1,080 / per month Landscaping - $ 800 per month simple repairs - $ 500 -900 per month common area electric - $ 300 per month Mortgage $ 7,500 ( 30 year amortization  , 4.75 % rate  ) Income - $900 per unit = $21,600 , this varies based on area . 

Check the siding, windows, doors and trim for signs of structural issues.

Purchase price: $300,000 Cash invested: $80,500 Sale price: $445,000 2 story condo features: Brand new flooring, AC, counter tops, new cabinets, beautifulbacksplash, fireplace, newly remodeled kitchen & brand new stainless appliances.

It likely needs new everything, new plumbing, new electric, insulation, new windows, new smoke detectors, and plenty of other cosmetic updates. 

New kitchen, flooring and paint through out and exterior doors along with minor tweaks and adjustments to the whole house.

Currently it's in an open space next to the kitchen.

They don't cover broken windows, electrical, or even plumbing. 

They are going to take the highest offer unless the financed offer has no chance of meeting condition guidelines (FHA loan for a house with no kitchen). 

They would measure floor square footages so I would know kitchen is 150 sq ft, bedrooms are a total of 400 sq ft, etc.