If a general contractor is not licensed for work that requires a license (i.e. plumbing, electrical, HVAC, etc.) obtain:proof of the general contractor's liability insurance coverage of at least 2 times the total bid, ORthe license of the sub-contractor completing the work.

How much does your power/electricity cost you each month?

I'm getting closer and closer to putting in a submetering system for electricity, though I see there are systems that monitor both power and water.

Upgrade electrical panels.

What I mean by that is the land and the buildings in their existing condition are worth much more than $300k.The $700k I previously mentioned chalks out to a pretty accurate number in my opinion and $5000 per door in repairs is a decent number unless you have some major exterior issues like roofs, foundations, plumbing, AC, electrical, etc.

if not name and address of the management - hope utilities, gas and electric pays the tenants (it´s important) looks like Owner will do some owner financing?

The biggest things still yet to acknowleged by him or finished is a couple of outlets not working, track light not working, and he hasn't given me a key to my mailbox.the electrical I'm not to worried about, though I am hand delivering a notarized letter next week about it, mostly It's the mailbox.

The 28th of December is my scheduled close on that one, but I am still in the feasibility period so they still can back out for another couple days.I have another rehabbed 11 unit that brings in about $5500, utilities right now run about $1,000 a month for gas and water, but that should drop in the spring to about $300 a month when I install some new electirc heating and air units (tenant pays electric :D ) .

Expounding on liability...say you defer maintenance on that electric baseboard heater.

There are several violations, including weeds, accumulation of refuse, improper storage of stuff, an electrical violation, dangerous accessory structure.