New roof, new water heater but old AC., new paint, new flooring (waterproof).

Thus, no waterholes to trap water. 

Quote from @Shuchi Gupta: Hi BP community,Looking for real-world experience from multifamily owners or investors who’ve done a panel upgrade.I have an 8-unit building in Santa Clara, CA, and I’ve received 3 quotes to replace the main service panel & meter bank (9 meters total, including common laundry).What differs across the bids:600A Eaton meter bank Square D panel but amp size not specifiedOne bid includes the laundry subpanelSome bids don't include permit/engineering/stucco patchingPrices range from $19K to $38K some not including permit fees.Current setup:1960s buildingGas water heatersShared laundryUpgraded kitchen appliances over timeAll tenants have window AC units, No EV chargers yetQuestions:Did you go 250A or 600A on your small multifamily upgrade?

Someone used all the hot water , this one didnt clean the bathroom , why are there dirty clothes piled over there . 

In most small multis, the landlord pays for lawncare and often water if it's not separately metered. 5.

. - All utilities included (except internet, water, and pellets for the pellet stove)- Comes with private sauna- Comes with Private Gym- Comes with shared in ground swimming pool- Comes with wrap around porch- Comes with jetted soaking tub in the primary bathroom.- Partially furnished (everything except living room and primary bedroom)- Comes with property managementTo put it bluntly, the rent being charged is higher than your average consumer can afford... $6,500/month to be exact.When I think of who might be able to afford a rental like this.

However, let’s go with my premise that when you first purchase it will be significant cash negative when including all expenses/revenue impacts (piti, cap ex/maintenance, PM (always include pm in underwriting even if self managing because your time has value and circumstances change), vacancy, bookkeeping, portion of asset protection (umbrella, LLC, etc, and miscellaneous (this includes things like unexpected utilities for example from a slab leak, not fair to charge the tenant (I recently had a $2k unexpected water fee for a water leak), legal fees for various consultations, eviction fee, or the recently mandated stair and balcony inspections, etc.  

Last year I had a $2k water bill that was our fault that we rightfully covered even though tenant pays their water use.  

One tool I wish existed (and am actually building right now): contractor invoice auditing software.I manage a small portfolio and kept getting burned on maintenance costs - contractors charging $950 for $549 water heaters, padding labor hours, duplicate fees everywhere.

Lenders won’t ignore structural or water intrusion issues — they’ll want to know exactly how and when these will be corrected.Also, not being able to see the upstairs unit is a concern.