Stabilized is usually when all repairs are done and it is almost full minus market vacancy averages.8925 X 12 =107,100 a yearIn fully stabilized older buildings operating costs ( vacancy, management, ongoing repairs, taxes, insurance,etc.) tend to be close to 50% if tenant pays utilities.

I’m looking to expand my rental portfolio by utilizing the brrrr strategy.

Yes, this is true, a requirement from FHA which insured the loan, quite common.

What I look for are first number units also if the Utilities are separated.

Feel free to PM me with any questions.One strategy I used to find a Property Manager that really met my needs is to utilize a different PM with each new property as I acquired it. 

Is it common to proceed UD with the nonsense repairs ( outstanding repairs) the tenant’s claiming, surely everyone has common sense sees what’s going on?

I was wondering if others commonly request the seller / landlord's tax returns when buy a rental property. if so what is the common practice for this. would it have to go through an attorney to scrub the personal info?

You will have to pay higher property tax and utilities and maintenance will go up a bit but the extra unit is well worth it because you'r essentially upgrading for free.You need to take into consideration the closing costs of selling your house, buying the 3 fam, and mortgage for the new house.

The tenant would pay all utility bills as well as maintain the yard.The house is in good condition and has no immediate issues, all the the appliances are roughly 6 years old. 

Our local power utility subsidizes the panels and installation and some people can sell power back to the utility during the day time.