They usually come in about half that as long as they don't need all the windows and exterior doors replaced, but they can cost that much, so use that in your negotiations, that way even if the seller concedes to cover half, you might still get it all paid for. 

We also addressed some of the major components including replacing the roof and upgrading the external tankless water heater.

I envision Turnkey properties to be rent ready, fully renovated with all CapEx replaced and a tenant actively being placed.

Then facilitating design edits and renditions between HVAC, engineering, plumbing, back to HVAC, electrical, back to plumbing, engineering again, now hvac, engineering yet again..... yeah you get the picture.

I'm doing some initial analysis and have spoken to Engineers/Architects/System Suppliers, which has been useful in building a framework.I would really appreciate connecting/speaking to developers that have hands on experience with historic adaptive reuse conversions, to get advice on the good, the bad and the ugly, and find out what to focus on and what they wish they knew earlier.Thanks in advance.

If it leaks, either fix the leaks or replace the faucet with a middle of the road model.

But a recent competitor uses them and their SEO engine support moved them to the top very quickly.4. 

Appraisers retiring and not being replaced quick enough.Good Luck,

I replaced one last year and another one just last week (there are two) each at the cost of $3k.

$25k rehab plus a $30k roof replacement via insurance claim (win!)