Keep it in my name and divide the electrical cost by three each month and have them pay me? 

Trying to determine if a cost seg study is worthwhile.

It will be a costly full gut and remodel when he moves out.

We build houses for $75-$85 per square foot which is our cost to build and we sell that for $150-$200 per square foot, sometimes our margins are much slimmer depending on the finishes of course.

Text campaigns are going to become less effective in the coming months because of recent regulations, so don't spend too much money on them.

The closing costs would be 19k with 5k in prepaids, with 14k in closing costs including broker fees.

Based on our calculations for repair, carrying cost, closing cost, the all in cost will be 283K.

Operating Expenses (other than management fees): Estimated operating expenses can deviate significantly from one bidder to the next.Cap Ex Costs: Estimated improvement costs can deviate significantly from one bidder to the next.Rent Growth: Estimated rent growth can deviate significantly from one bidder to the next.Cost of Debt: If debt can be assumed and is cheaper than the current market, most bidders will share same input.

The cheap homes look good on paper, but cost a lot more as they often attract less desirable/more problematic tenants.

Research comparable properties in the area to gauge pricing, rental rates, vacancy rates, and demand.Property Insurance: Obtain quotes for property insurance to understand the potential costs and coverage options.Survey: Consider getting a property survey to confirm boundaries, easements, and encroachments.Due Diligence Contingencies: Include due diligence contingencies in your purchase agreement to allow time for inspections, assessments, and resolution of any issues uncovered during the process.Risk Assessment: Identify and assess potential risks associated with the property, such as market volatility, tenant turnover, maintenance costs, or regulatory changes.Exit Strategy: Develop a contingency plan or exit strategy in case the investment doesn't meet your expectations or unforeseen circumstances arise.By thoroughly conducting due diligence, you can minimize risks and make an informed decision about purchasing the property.