It is very common to spend 100K on a rehab in Newark because often there is TONS of maintenance, and things like water damage can lead to major structural and framing issues that need to be addressed, original wiring (which is often unsafe), galvanized plumbing pipes, old windows, heat systems, ect.

@Kristy Farmer is it too late to get a refund and install a ductless heat pump?

I only see one furnace so you'd probably have to pay for heat.

.  ** This property still needs an upgrade to the heat system that will be $2000 and has to be done before Oct 1st**In June, I saw a property listed on Facebook marketplace that was in rough shape. 

That 1/2 bath was a logistical feat given the need to run all plumbing, plumbing venting & heat vent runs.

Upper bathroom renovated with heated floors. 

Totally missed that it was a duplex originally, but if it's duplex don't you have more expenses that you as a landlord need to pay for the common areas (e.g. mowing, heat/utilities in common area, etc.)?

@Robert TylerAs you move forward with your permit, I recommend Legal Heat app.  

I’d do a heat pump system

I was so annoyed as we did this in 95 degree heat.