You build a monthly cash flow model of inlace NOI and each month as leases burn off and you hold that unit vacant, if needed.  

I do know of some landlords that do a "tenant talk" when new people move in that cover basic home maintenance items.

The property itself has an ARV of 540k on a low estimate (last sale of this model was 667k, but since then our market has cooled down and the 540k is taking an average of sales over the year for a margin of error).We are looking to acquire the property at 315k, with 85k in necessary renovation. 

The landlord should have completed and provided to you in writing an initial walkthrough of the unit siting each deficient item.

Borrowing, appraisal, after inspection items, shifty/shady sellers, agents that don't know what they're doing or are busy or apathetic. 

In addition you want to know what condition your high cost repair items are in.  

For instance, taxes and insurance are big items that you can get the real numbers.

This will give you a chance to get an explanation of the items that they inspector notes on the report.  

This implies that the return will be significantly via the cash flow.Final item, 6 units implies commercial loan. 

It's worth it if I missed out on replacing certain big-ticket items that a buyer might be worried about (ex.