Looking at some of the recent stats in the 19th ward, it looks like there is a pent up demand for multi units.  Perhaps it is just the surge of the spring market, or perhaps its an indicator of values on the rise.  If...

I'd look at Philadelphia (low taxes) and Trenton (higher taxes) for some good opportunities in hot markets.

But it does add up if he has done 8 to 10 of them.IN the day when I used to buy Sherriff sales in Oregon with the 6 month right of redemption if the house was vacant and abaondoned I did the same thing I went in and rehabbed it during the 6 month period so when I got my sherrifs deed I could sell right away.Now In our market with Redemption rights a hot commodity I would only risk it with a 20k rehab and under. something that we could lose and just chuckle about it.

To me that's just not acceptable.In the case of that one offer letter I went to see a property and it was badly damaged by water and had lots of mold.

No public water or sewer is available yet on that side.

I'm guessing $250-300 per month for electric and $75 per month for water/sewer, based on public information and experience.  

There are also 3 garages beneath the units that could be rented out as well to get additional income.His monthly bills are (mortgage, insurance, water and interest) are $2590,-He is paying for all utilities which i think should be decided amongst the tenants. 

Welcome to BP @Ronald BurgessBe careful, all the neighborhoods you listed are in "hot" parts of the city, and there are a lot of "deals" out there pricing in the expected appreciation already.

New water heaters..Plumbing is OK, brass water piping needs replacement.So what I originally thought would make a great deal, has turned somewhat OK to maybe bad.  

Look if you are living in America with running water and electricty much less heat, hot water and a refrig/tv you are living better than royalty a couple hundred years ago.