So, we incur little if any cost on prelims.

RE investments are a business and as costs go up you have to raise prices.

Roughly $11,000 total up front acquisition cost.

As such my contractor gave me an estimate to install new ABS main line (~225 LF) for the property and connect all 5 units (3 existing and 2 ADUs) to it for approximately $30k. 

I should note that I did a 1031 INTO 2 of the 3 houses, and did a cost segregation study and took accelerated depreciation on all 3 to offset 2022 taxes because I had a very profitable flip that year and I am a real estate professional per the IRS.   

Located in: Trenton, NJ  one thing to realize and talk to your accountant about is if you assume it - do you assume it based on his cost basis, which could be a lot lower than the property value and then when you do eventually sell it, you could be hit with a nice capital gains bill. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

With rents falling in many areas, and with the cost to buy going up in relation to higher interest rates, this strategy is becoming harder and harder to implement.

We reglazed a shower to costs on a BRRRR.

(Fortunately, neither of these are a particularly friable substance.)Generally, removing all substances that might have asbestos won't be cost effective.