Major expenses: roof, electrical, heating and cooling, foundation, plumbingIt really depends on the individual property and what you plan to do with it.

I called several plumbing/heating companies and many were booked until next week.

The new tenants love to have the heat cranked way to hot.  

They still don't understand why their house isn't worth what they paid for it, while we as investors think the market is over heated!

I don't always take her suggestions but it gives me a good idea on what to do.Kitchen Gut (medium grade SS appliances & Granite) - about $40/sq ftHVAC - Duct work - $2.50/sq ftHVAC - Compressor - $1,750 + ($1.00/sq ft)HVAC - Heating Unit - $2,000Those are quick estimate numbers that I have found to be good for North Texas.

Do the math.When the market is heating up then turn to quick profits by flipping homes. 

However, the benefit I have right now is the fact that the rents are not yet registered with the town.So keeping the tenants as is with the low rents will set me up for low rent registration.Instead, I would rather get them all out, do the necessary renovation, including separating the boilers, this way each tenant pays their own heat and hot water.

I don't know how to go about changing to 3 addresses, how to address utilities, heating and any other requirements (e.g. 2 doors per dwelling or 1?). 

I'm working on my first duplex and the biggest thing I am facing is dealing with expenses ( snow, lawn, trash, water/sewer, and there's only one furnace so currently I'm covering heat)Only a mile from the water though!

Hi,I recently purchased a new property which has, unfortunately, oil for heat.