All Forum Posts by: Beau M.

Recently aquired an old vacant apartment complex. Looking for most economical way to add a/c, also updating heat/water heating. We will have to replace/change out boiler as well so looking for best options! It's a gorgeos brick building in a historical district so want to avoid window a/c units hangin out and causing an eye sore! Have considered mini-splits(continuing maintenance is a turn-off), ptac(size of exterior sleeve is a turn-off), and vtac(just started looking into this one).

Wanting to maintain the exterior appearance, use a system that will last with least amount of maintenance, and make sense for profit as we intend on holding this building long term. Any experience or advice is much appreciated!!!

Additional info: 

-building is "L" shaped and although touching-basically 2 seperate buildings-both 2.5 story garden level(3 floors); 

-1 "building" is all 1 bed/bath units, other is a mix of studio and 2 bed(18 total units); 

-property is in SD so we experience extreme hot and cold temps; 

-planning on removing lath and plaster from ceilings to update plumbing and electrical

Thanks in advance!

Understanding that all municipalities are different, are Post Frame multi family buildings any harder to get approved for new construction inside(your) city limits? Are there any not-so-obvious expenses to why this may not be considerably cheaper way of building(think Morton Buildings)? Are lenders opposed to lending on post frame/pole barn style metal residential buildings? Any other obstacles? 

Looking for input before spending a lot of time researching this, and I may be overlooking something to make this a worthwhile idea to begin with...

I realize there is a ridiculous amount of criteria that would affect this but just curious if anyone uses any vague/general rule of thumb to quickly evaluate. Before trolling with negative comments I understand the wide variety of criteria but someone came up with the 2%, 50%, 70%, etc.. rules of thumb so wondering if there is any such thing for short-term rentals that I am un-aware of? TIA for any productive input!