I am also wondering why you are planning on paying electricity?

Upgraded electrical panel and or wiring.5. new dual pain energy effiecent windows.6.

Electric and plumbing are fine, but the drywall and even some of the ceiling needs to go in most places.

I had my taxes reduced 40 percent and I have decent cash flow,but i am 100 percent hands on, do all my own repairs, and stay away from old houses.PA is not landlord friendly so if you plan on being successful I suggest you be ready to break a few rules. example, if they don't pay the rent and start their silly court games...somehow the electric meter goes missing.

Be sure that the electrical is up to code.

It's been a hard slog renovating.I bought most of the materials off craigslist and offerup or materials on clearance sale at the big name stores.Brand new bathtubs- freeFound them in another building I ownBrand new modern vanities- $65Marked down from $400 at Home DepotKitchens with granite bench tops- $1000 eachPurchased from CraigslistShower screens, toilets, faucets, front doors, new windows and various other bits and pieces were bought for $20-$40 on Craigslist and offerup.The total rehab cost for installing central AC, 2 new bathrooms and 2 new kitchens, washer and dryer and updating plumbing and electrical is around 18K for materials and labor.Each side is rented for $1400 per month, total $2800.

I acted as the general contractor doing much of the work ourselves, and farming out such work as electrical, insulating, all new windows and drywall.

I have seen the epitome of that statement in Germany, where homes can be over 400 years old with proper maintenance and upgrades for such things as running water and electricity, LOL.

I have an opportunity to purchase some properties before they are listed. one of them is 5 units but only has one heating/electrical.

Examples include median sale prices, job stability for an area, which neighborhoods may be seen as up-and-coming, are they A-B-C neighborhoods, when was the roof and furnace last replaced, what type of electrical panel exists in the home, etc.