As far as the tenants, do they have renters insurance?

We are currently rebuilding one property from a fire, so that kitchen is being covered by insurance, but it's been a good learning opportunity for us, and pricing on the same kitchen has ranged from $8,500 to $15,000 at a box store.We have two other properties that we are renovating and upgrading right now, both will require new kitchens and baths.

The business is stable but not growing so my business valuation will probably be around the 2.5 to 3x NOI + inventory.  

@Syed NaqviMake sure they have liability insurance and a license. 

Have you factored in holding costs (insurance, utilities, taxes) and selling costs (commission, tax/deed fees, etc)?

Here are my numbers:$62,500 mortgage $540/month for mortgage payment, taxes, and insurance ($6,480/yr)$675/rent ($7,425/yr at 90% occupancy)$80 cash flowMy overall goal is for retirement so I am happy with covering all expenses and not taking any money out for myself. 

Property 1 cash flows $230/mo or $2,760/yr. per side. if you paid it off it cash flows $450/mo per side (after taxes and insurance) or $5,400/yr.

They are taking offers contingent on viewing property...just found out they pay flood insurance on the property so not sure I want to get in to that....lots to think about!!  

The building is currently insured and occupied so someone is willing to insure it as is. 

But that certainly brings on much more to consider. 4) Insurance.