@Logan Hassinger I'm also not convinced that this is truly a section 8 complex, due to the bad condition, broken window fixed with cardboard etc.

New roof was done in 2010, HVAC looks good (Trane), water heater I haven't seen yet, windows are good and appliances are ok.  

Right off the bat ~ Numbers look good.Reno'ed in 2002 sounds good ~ but still at 13 years, I'd check all majors (roof, hvac, water heater, windows, appliances, etc...)Who pay utilities?  

The foundation will likely have to be underpinned, the house stripped of all cabinets doors and windows, the drywall removed, the structural framing replaced or repaired, probably a new roof, new gypboard, new or replaced windows doors windows, and cabinets $$$$$$.  

A big shop vac or powerful fan and all the windows open has worked for me in the past.

Need to have an egress for those rooms that are legal (e.g. oversized window, walk outs).

Saying a Stanley D-21, 6 lite, three-oh, right saves the supplier time on the phone, you save them time they can save you money, instead of asking the price for a standard exterior door that open to the right that has some little windows in it.

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On the top of this we depreciate major projects like new windows or new kitchen cabinets during 27.5 or so years.

Condenser unit caged  2. any bar's on windows or security doors.then you can use the on line crime reporting methods.. but those two above are pretty good indicators of the area your in...Like here in Portland you would never see a caged condenser unit.