Other than taking longer than I thought it would, and wishing I had got the heat up and running as one of the first things, there was really nothing on my first that I regret.

I recently had a local plumbing & heating company come inspect a boiler and water heaters while I have a house under contract. 

But hired professionals for things like plumbing ($6100), AC/Heating ($15,000), electrical ($2000) and landscaping ($5000) All profit each month is directly applied to the principle.

At the closing, his attorney forgot to deduct from funds due me for heating oil in the tank, value of $160.

The house lost heat and pipes froze.

If i am not mistaking, Landlord is responsible to provide drinking water, functional plumbing, cooking Stove, and heating.

Sound typically travels through structural members in a wall/structure, not the dead air space (sort of opposite of heat loss).

A couple things to consider:You said, "...seller said it is roughly $500 a month" for heat.

McKinley Park is heating up, but I think you'll have a hard time staying in budget for anything in the right condition to get the rents you need.

@Jerome Morelos Definitely look into your state laws...I know here in MA I am not allowed to charge tenants for water UNLESS it is sub-metered correctly.I am also required to provide heating no matter what during "heating season" even though the heaters are also separate for each unit.I would also suggest taking a look at other listings in your area to see what common practice is.Best of luck!