I ran the numbers but not 100% sure I'm getting the correct calculations so I wanted to reach out and see if someone can help us.Here is the info on the building we want to purchase:11,052 sqft  $169 per square footNeeds about $100,000 in repairs (roof, electrical, paint, cleaning etc.)Rents for 0.82 cents per square foot.We would put 25% down and pre-approved for the rest of the purchase price at 3.85%A similar comp down the street that just sold:11,747 sqft$163 per sqftrents for $.79 per sqftThe building was move in ready, no repairs needed.When you compare both properties  it would seem that you would come to the immediate conclusion that we are getting a bad deal but I'm just wondering how much to offer.

I think that since I will be constructing the houses, it will be less time and cost to put the solar panels up on the houses or ground mount them in community spaces and give buyers the option of buying their solar array outright or paying for the solar energy produced at a reduced cost. 

I had one inspector require a electric panel replacement.

We had the electric in our names until today.  

Owner pays the lawn/snow - about $1,000/year, the water/sewer - also about $1,000/year, hot water (property has a Rinnai instant hot water heater) which runs about $1,400/year and he pays the electric for apartments 2&3 as they're on the same meter.Gross Rents: $18,960Taxes: 2,900Insurance: 600Lawn/Snow: 1,000Water/Sewer: 1,000Propane: 1,400Electric: 1,400Trash: 720Debt Service: 4,500Vacancy/CapEx: 2,500Leaves a profit of: $2,940/year.

It can be hard to foresee what repairs will be needed, but landlords should consider expenses like carpet cleaning, paint, electrical, plumbing and any other fixes that keep a property habitable for renters.

@David Dachtera:  While insurance may be partially responsible, it certainly doesn't explain why I can carry any non-electrical piece of equipment into the building.  

The buyer sued the sellers, the selling agent, and the listing agent for misrepresenting the square footage and miscellaneous minor issues with the electrical and heating systems.

I know there are some variables because water/sewer/electricity charges vary by utility company but I am just looking for ballpark estimates.

Many workers at this property were not properly skilled and I have paid to re-do work for trim, plumbing and electrical.