Fix soft spots in floors (3/4" osb)  Windows - caulk and plexie glass, Roof - rubber, if exterior is trashed new siding on ferring strips, and white paint interior, carpet (no pad just glue).Make sure 3 things work perfectly: electrical (may need to update), plumbing (pex lines with heat tape wrapped in pipe insulation, and furnace (don't slack on this).These tenants want to move and thins to work. 

You think leverage is through the roof in the US, you should check out Canada's dilemma!

That's his estimate but I honestly doubt that he'll be able to come in that low so I'd say it could possibly cost anywhere from 65k to about 90k being that it needs everything and he hasn't even seen the roof yet.J

I know its a C area but I was told its not as bad as many other C areas and the numbers seem to make up for it.Built in 1958 property has upgrades for the roof and furnace, is 5,009 sq feet with central air and forced air heating. 

The company i called said they cover rentals, with a $54 monthly charge +$75 service call fee's to fix any major system including appliances and roof (of course with all the fine print do's and don'ts) At $54 a month + (estimating 6 service calls a year (conservative)) would bring my monthly payment averaged to $91.50 obvoisly depending when the service calls take place. 

Total rehab, $102,670.07: including new roofs, tenting, kitchens, bathrooms, flooring, etc.

Balance Approx $81k)Mortgage Insurance $457.69 Insurance $713.00 Taxes $543.00 Depreciation $2,343.00 Repairs $1,500.00 (Estimate)Total Expense $11,007.69 Net Income $2,192.31 Cash Flow:Net Income $2,192.31 Add Back Depreciation $2,343.00 Minus Mortgage Principal Reduction $(1,814.00)Net Free Cash Flow $2,721.31  We expect the property will need a new HVAC system ($2-$4k) at any time and there about 5 years left to go on the roof.

I think the major pros of multi-unit are economies of scale...only 1 roof to replace, etc.

Commercial property through the roof

New roof, ac, kitchen, bathrooms, all the floors and even the doors and door knobs.