I would be sure to verify expenses , but it seems that you have plenty of wiggle room there. great find!

Some of the homes, the rents are a little lower, we could then price these accordingly because we have enough room to do so.

This gives you more room for negotiation.

I have a similar issue where one tenant tends to leave lights on 24/7 in rooms they're not using, and I'm paying the electricity bill.

Actually, I'm trying to close a deal on another 5-unit place (without the insurance $ involved) on Gray (not the Dr house).Perhaps I should just use the insurance money for that.I agree with your costing as well - in fact I've looked at almost as high as $140 per sq ft.The zoning varies - my lot is R2 but the 4-units that weren't there were grand fathered in and I can replace the 4 units.  

A landlord who rearranged his living room to be able to sit and watch the house from his lazy-boy, and did so creepily through his window every night.

It has been underperformingUnder market rent ($500-$800 per unit)Higher vacancy (25%)"Families" packed into the 4 bed room w/ smoking and etc.The seller is looking to sell this property and it is a non-MLS deal currently.

Now the comps show it could sell for 73,000 and asking the realtor and another investor could rent out for 700-800 a month the going price right now is 25k so that gives me 48,000 of wiggle room for my rehab, financing cost, monthly fees, and closing cost now talking with some of the contractors int he area since it is a 956 sq ft house the time it will take i'snt long but as for some of the materials I'm at 3,590 for some of the materials (not flooring, drywall, trim, windows) now before I call around what can I look at cost wise for new windows and frames, fixing the cracks in the walls and ceiling, and adding central air and getting the slope fixed?

Morning, we have a top floor condo in the loop that has roof rights and we want to create access(stairs of some sort) to a roof top room that we want to add.  

Example:  I just went through a potential 4 plex before I had the idea of building, did a walk through of the property, and the floors were sunk in, needed an entire new roof, electricity wiring was way off to where there was only one light in the corner of the room.