The addition of electronic entry for the parking garage seemed to help some, but somehow non residents were still getting in to charge their electric cars.Because I was a temp the office manager blew off my concerns while I was there.

Hello fellow members.I am looking into small multi family in the Lehigh Valley area in Pa and I was wondering if anyone can help me with estimating some monthly expenses such as electric and sewer/water?

You'll probably be replacing the entire plumbing and electrical system anyway, and all the windows.

What does the electrical look like?

Repaired + new electrical/new HVAC/new plumbing/painted/etc.

Repaired + new electrical/new HVAC/new plumbing/painted/etc.

turns out the electrical was completely aluminum. deal fell through... rookie mistake!

There are internal heating and cooling systems, electrical components, hot water heater, plumbing fixtures and a myriad of other issues that are hard to assess for the average home buyer.Realize that you are not going to catch every single flaw or defect on your first run through a home, although there are a few key areas that every home buyer should look at before making a decision.

Now have small mortgage, great cash flow and new roof/electric/kitchen.Quality of life is important, however look at who may be your buyers in 20 years.  

slumlord is a pretty harsh term, however, let's say-Its a rough neighborhood (some spray paint and busted windows on various bldgs)-A bunch of 2-4plexes on the block-the living conditions of current tenants is bad (partial electricity, no hot water, holes in windows and walls, rats)-some visible mold on a couple walls-doesn't seem to have had any management/maintenance at allOwner hasn't been able to sell for a few years.