Electricity was already on and there was a septic tank, so that was a big plus and saved me from having to pull permits and deal with inspections.

I'm pleased to say that ****, which was in need of significant structural and electrical work, is stabilized and ready for attention to the exterior. **** is slated for a new foundation and windows this spring, followed by extensive landscaping.If you care to discuss this matter further, you can reach me at: **** (a New York number that I brought with me when I moved here) or****@***.com Thank you for your time.

The apartments that far out are going to fetch 60-75% the rent they would downtown and the clientele will be different.What's the condition of the building and all its major systems (HVAC, electrical, water/sewer, etc)?  

I think you might drown.If your scheduled rent is $2025, you need a vacancy allowance (8 - 10% is a good range unless you know the area well and know the prevailing rate).This brings you down to $1823/month effective revenue.Then you need your operating expenses: maintenance (10%), landscaping, utilities (electricity and gas) for common areas (i.e. laundry), property management, administration, advertising, pest control, etc.    

I change my own hot water heaters, and so far do my own roofs, and 95% of my electrical. 

I also always found any issues that an inspector found, they recommended you get in a real expert, ie get plumber to review sewer lines, or get electrician to inspect old electric system.  

The electricity is already split up.

In this contract you specify what they as the lessee is responsible for in the home (electrical, water, garbage, gas, etc.).

Also, bad roof, AC, or out dated electrical will make a house difficult to finance.I am a Realtor and flip investor.

I'm a electrician so I will do all labor by myselfContract price (185,000 with 5,000 seller concession for closing cost) Down payment- 3.5% (6,475$)Mortgage payment- 1600$/monthFuel type -gas (owner pays for tenant) Recent Upgrades- electrical service Size- 3100 sq ft with 12 car parking lot and 2 car garageBuilt- 1917