You can have the best property in the world but without proper management, it will become a hell hole. 

I started broad but it can be a bit overwhelming because there are so many rabbit holes to go down.

When we bought the building, there were gaping holes where the coin-ops were designed to be. 

When we take interest in a market we also like to have other poke holes in our rationale and if we get an objection we really can't overcome is outweighs any of our whys then we go back to the drawing board.  

For expenses, I'm not intentionally keeping them low and a big part of why I'm posting here is to find holes in my analysis just like this.

Hey BP,Can anyone recommend a good way to seal the holes in the cinder block foundation of my building so that rodents can’t get in?

If on the other hand based on your post there is 2 years left on a 15 year tax credit term and the area is still a crap hole then really not that great.This does not sound like a deal.

Most of the time the only reason they leak in the wrong position is because the drain holes are no longer on the bottom.  

Using random metal sheets to cover up holes.

You'll most likely be in the red.Without actual numbers and just using the 50% rule, you'll be $650/month in the hole.