Roof replacement, new 2 story brick front facade, electrical issues.

2 of the tenants in a 4plex I manage have been complaining that their electricity bills are almost double their normal amount.

I make a little more up front on Airbnb but the cleaning, amenities, etc cut into it and end up balancing out.

Wanting to serve the community by providing safe, clean and beautiful homes that are within budgets.

It is in another state (Detroit), is tenant occupied, and needs many repairs (new roof, electrical work and plumbing to name a few).

Stick to fundamental buy-and-hold real estate...noting glamorous or fancy...If you have safe, clean, and appropriately priced units...focus on C-class value add, and maybe consider working with the local housing authority to accept housing choice vouchers, you will have long-term occupancy, debt paydown, and equity build for life.Investing is relative, and I doubt your main motivation to invest in RE is to contribute to the list of "25 fastest growing cities in the US"Best of luck

With their heat and electricity included I feel this is more than fair.

The 20-25% down maybe a blocker from purchasing it from the start in a LLC, but my recommendation would be to plan to refinance into a LLC as soon as there is enough equity to do so in order to keep things “clean”. 

Post all your numbers including your down payment, or will you pay cash.It sounds like a super great deal for a person who knows how to do the project with the least amount of time and hassle, but the major problem may be the rents are to low to cover future expenses like the cost to clean and make repairs when tenants move, for water heaters, furnaces and repairs, roof repairs, etc.

(Hopefully they honor it) I did get both buildings hardwired smokes and added electric house meters to both as well.