We have been looking and although I am not complaining because I have a roof over my head.

Square the back, fancy the front, 2-3 ridges on the roof and all hip with a gable on the front.

The roof was redone in 2009 and the seller have agreed to leave all appliances except the washer and dryer.

The house had a damaged roof, every drywall, the floors, the AC duct - almost every inch inside was full of mold.

MFH's *generally* cash flow better and exterior maintenance-wise you've got one facade, one roof, etc., to maintain.

I don't get great deals on repairs like full time rehabbers do and the worst I ever hit was about $32/foot and that was basically a full gut job (50 piers, tear off roof and all decking, down to the studs on everything, new HVAC system, everything

Clearly not an apples to apple comparison.Turns out the owner has made some improvements since May, like a new roof (which I verified by driving past it today), re-tarring the driveway, improving the garage - this is everything I could see from the driveby - will see the interior on Friday. 

You will still need to have a reserve for large capital expenditures like roof, boiler, etc depending on the size of the building.

What I keep for each property Original sale contract Mortgage / recent mortgage statementProperty management info - to include name  / phone property tax sheet (even in mortgage pays it)property insurance info any major repair / expenses (roof/ appliances ) invoicesspreadsheet that shows  rent / expenses / taxes / insurance ..  

They also are slow to report leaks which runs the bill up even further.Even if you get less rent per month on the lease your net is usually higher with tenant paid utility if at all possible.Do not cut utilities off.