Remember a rehab on TV takes 60 minutes but even with a team, minutes turn into months and your profit can go out the window in no time. 

No obvious structural issues from the listing, but the age suggests surprises are likely.Rehab Budget: • Low estimate = $50K (light updates) • More realistic = $75K (new kitchens/baths, flooring, paint, code updates) • High end = $100K+ if major systems need replacingRents (CMA comps): • 1BRs: ~$1,400–$1,750 each (https://prnt.sc/RMm854WPuPdk) • Stabilized Gross Rent: ~$4,200–$5,250/mo (~$50K–$63K/yr)Cap Rate: ~9% if rehab stays in the $50K–$75K range, falls closer to 7–8% if it pushes past $125KConstraints:FHA 203k requires me to live in one unit for 12 months, so only 2 units would generate rent in Year 1.With 2 units rented, cash flow looks negative (~–$600 to –$900/mo).With all 3 units rented after Year 1, cash flow flips positive (+$600–$800/mo) and grows with rent increases.My Question:For anyone who’s done a 203k or similar triplex rehab — does ~$75K sound realistic for getting this building into clean, rentable condition (floors, paint, kitchens, baths, basic systems)?

Funeral Home.Would make an offer for $700,000 with a 3 day window.  3 value add plays:a. 

Cost: What is a realistic cost-per-unit for getting a distressed C-class property up to the City's current point-of-sale/Certificate of Occupancy standards?

Don’t forget to include carrying costs, capex, and the time value of money—sometimes a “cheaper” conversion ends up more expensive if it stretches your timeline.To tie it together, here’s a short action plan I’ve used on successful projects:Do a lender pre-flight before you lock your TIC structure: send a TIC-savvy lender your draft agreement, insurance, budget, and a quick building condition summary.

He did not code Windows. 

They look for peeling paint, handrails for all stairs, and cracked or broken glass windows, as well as health and safety issues.

I have painted, fixed up, new ceiling fans, window dressings, etc. and it is move in ready.  

Forget about posting content. 

our issues with windows are generally that they get scratched.. and we have to replace the glass.