Hi Everyone, I have a signed contract for a three unit property for 43,500 the rents are 2100.00 a month and the insurance is 85.00 month I have to pay electric and have the last 6 months none over 350.00 taxes are 625 yearly.

Over the past year I replaced the roof and updated the electrical so now all the wok that is needed is drywall, plaster, flooring, and windows in a historic district.

There are possible electrical and roof issues with the property.

There was a contract on it but the buyers backed out because the house failed inspection for plumbing and electrical issues. 

-Taxes: $292 per month-Mortage payment to bank: $382 per month-Vacancy @ 4%: $76 per month-Repairs and maint @ 3%: $57 per month-Cap ex @ 3%: $57 per month-Property management @ 6%: $114 per month-Monthly insurance: $100-Monthly payment to current owner: $333-Water: $80 per month-Gas and electric: $200 per month-Rent: $1,950 per month.  

Ask your friendly title company to create a HUD-1 for youWith the offer attach pictures of all the ugly things about the property; the landscaping, broken windows, bad walk ways, bad fencing, green water in the pool, any nasty pictures of the interior, the estimate amount of renovations neededWrite a cover letter stating what you will do if they accept your offer; secure the property, insure the house, pay all cash, take care immediately of the roof problem, protect and secure the house form squatters, have the electric turned on, notify the water department, notify the local police to keep an eye out for vandals...etc.Since no one at the bank can make a decision as fast as you want, put a drop dead date in your offer.

Would you have any ballpark estimates for electrical/water/sewage for multi-family units in the Denver area (assuming I cant pass those onto a tenant)? 

If you're going in on day one and replacing all major mechanicals, plumbing lines, electrical supply, roof, siding, windows, and doors, budget 1k per unit per year and you'll be fine.

My brother in law just bought a property that needs major rehab work (plumbing, electrical, kitchen cabinets...).  

hi everybody my name is mendy and im about to finish a rental house in west philly i need some small touch ups and minor electric and plumbing work done anybody doing that or knows somebody that does for affordable pricing, greatly appreciated