The official report comes in next week which I'm told will likely have more.1) Electrical in the bathroom is off and causing issues with the lighting and exhaust fan. 2) There needs to be smoke detectors in all 3 berms.

From what I’ve seen so far, both kitchens and bathrooms will need rehabbing, new electrical, outside paint, etc – I’m estimating around $30K in rehab, but of course this is subject to change.My Question:Let’s assume that the house does in fact require $30K in rehab and the seller is willing to come down on the price significantly (because he knows there’s a ton of work required, he just doesn’t want to do it) – let’s say we agree on $190K.

I have the property purchased under an entity, so I'll reduce my taxable income by taking into account all my operating expenses including things like cable and electricity for both units.Occupancy taxes get deducted automatically before the gross amount ends up in your bank account.Cleaning fees I've contacted several made services in my area and found that vacation rental turn over can range between 65-100 depending on the scope of work. but it isnt terrible.

In ground pool.Separate Gas & electric. 5 year old roof, boiler, oil tank and hotwater heater.

The discrepancy with this house is that it currently has 1 electric heating unit, and 2 gas heat.

We hired a local electrical contractor to do electrical work at one of our properties (2 units). 

You should also ask if there are any municipal service at the location or near the property line to your lot like city sewer, water, gas and electricity and if now what you will have to do to get those service there.

Pex can be "fished" through walls just like electric wiring.

If the commercial client is on a gross or other arrangement where you are carrying the maintenance, then 9K is probable a little low.Depending on the rooming house, the management may be low (as you indicated)The electric and water bills seem high ... is the landlord carrying all utilities?

in Md I can tell you no I pull permits for alot  of the people in Md  that flip you do not have to have a GC lic but it will help save you money, but you do have to have permits a must in Md, if we are getting them threw drawings are just pulling a strait electrical permit  are plumbing permit that a must and alot of times at settlement table people want to see them when new work is done.