Just a 30 day notice and that way no need to worry about exactly how much longer he needs, I bet he doesn't know himself if the time frame depends on whether he can find another place and whether he can get back with his ex-wife, and both scenerios seem to depend on how he can budget time!

Your repair budget might be a touch high, but with the age of the place, your number is pretty good.

Already tried....should I lower my rehab budget or walk away?

We typically use 10 - 20k lenders as secondary and put their funds towards renovation budgets on purchased property.  

@Darren Sager Using a drain coil type heat exchanger (perhaps 2-4 in parallel) is one option we are entertaining.

In the future, if I don't want to do it anymore, there needs to be money in the budget to pay somebody.I am familiar with Rochester.

SFH, Good school district, within budget, etc).Thanks for the 'warning' on the OTC-lists.

I'm trying to put together a capital replacement budget and wanted to get a sense for how many years I can get out of the stuff I bought.

I am getting ready to start another champaign with the help of @jerry Puckett, I know with committing to a marketing budget will help.

From my Multi searches, you are probably safe budgeting $1000/yr for a 4 plex in your price range, but again, find the property, then call an insurance agent and have them run a quote for you.Maintenance- I always budget at least 5% of purchase price, because things will break, especially in the first year and will likely exceed that 5%.