Hoping to find out from the community if my numbers are off, how can I improve where I get the numbers to refine my number crunching process in the future. 

If the converted property is later sold at a gain, the basis in the converted property is the original cost plus amounts paid for capital improvements, less any depreciation taken.

I assume that by next week at the latest they will have begun working on improving her personal credit.

If so, I see it as an area that will improve in desirability, growth and value.  

Nonetheless, I challenge you to think about a plan for acquisition, for improvement, and for dispossession.  

Or, perhaps it is one of those sought after situations where you can spend 150k over 20 units and raise the rent based on the improvements, and perhaps pull out you equity for the next deal.

Multiple sub contractors with multiple separate contracts are not allowed..Repairs/Improvements must be completed by licensed contractor(s) as required by local/state municipalitiesRepairs cannot be completed by a related or interested party (i.e. relative, real estate agent, seller, broker, etc.)Borrower selects contractorContingency Reserves Minimum 10% is required.

@Shawn KimThe next Real Estate eXchange meeting is Monday the 14th at 6:30 at the BP Energy Center and the next Landlord Almanac meeting is on the 17th at the Megan Room.

Starting out and looking to continue to improve my process.

Vacancies mostly depend on how improved is the property - condition.