Call 5 ask them what they see expenses running per category per unit.

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page=1I posted my method of tracking income/expenses, and rolling it all up to income tax form income and expense categories. 

I have been absorbing them and have heard numerous episodes that address your very question.   

The approach my investor had was straight talk about the numerous issues he saw, some of which were not mentioned by the GC:  foundation, water damage that may have come from the outside, perhaps from the runoff from the neighboring property, rotted base boards in the corner (water damage) that could mean deeper issues.  

It is listed in the "Minnesota real estate" category, where is this category on the bp forums?

But in commercial real estate your risk is lowered extensively by doing proper analysis of properties and only moving forward with the ones that are numerically "Good Deals."

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Of course, getting it under market is better, but to me, that doesn't preclude at-market deals if everything works out numerically.