I think that it really depends what both you and your wife have decided on what you want your goals to be.

Moving a kitchen, depending on the kitchen, permits, wiring, plumbing, walls, flooring, counters, cabinets, pulls & knobs, lights etc could easily be $20k to $40K or more.

If we find a way to move forward, price will come down depending on amount of foundation work required)ARV- $159,000Repairs, Literally just foundation.

@Sean Cole they shouldn't, but they can pass a message along depending on what this guy wants.

Of course this would depend on what we could get it for.This auction requires 3% down to bid, and then requiresan additional 7% (so total 10% of final purchase amount) within 10 days of the auction.

And they depends on the ratios that make sense to you.

Recession resistant asset class (people downsize, move in together, move back home, etc. during recessions)Cash flowing asset (not dependent on market appreciation)People buy a lot of crap and toys during good economic times (and need a place to put it)75% of the facilities in the country are owned by non-institutional owners (opportunity for adding value)Small ($10-30) rental increases create large increases in NOI and property valuationSticky tenant baseUnits are easy to maintain (brick and metal, no amenities, little landscaping)Location, population growth, and barriers to entry matter. 

Showing within 24-hours after accepted offer with proof of funds or lenders pre-approval"...something to that effect...just depends on your market and state requirements.

@Nik Moushon I think it depends on the number of units you are trying to purchase or locate for a multifamily property.If you are looking for smaller less than 20 to 30 units then I believe using a real estate agent to help you find these would be okay.

Capex totally depends on the property.