Didn't think to go look at all the water meters.There's a famous case in accounting where a company valued full tanks of salad oil.

Does anyone have experience converting from oil heat to electric in an apartment complex?

Not sure how you’re underwriting but whatever you do, don’t count on ANY improvement in the oil economy going forward.

Hey All,***buying a 3 unit to BRRRR**** The 3 unit multifamily currently uses oil heat and window units. 

Hey All,***buying a 3 unit to BRRRR**** The 3 unit multifamily currently uses oil heat and window units.

The really old house actually does have a lot of potential for someone who can either run hydronic baseboard or do ductwork and drywall (depending on whether gas is available or just oil).  

Common HungerIf one person has the drive to work around the clock, burns the midnight oil etc, and the other partner turns their phone off at 5pm, takes weekends off and monthly vacations, the workload will quickly become imbalanced, resentment will build, and you will need to dissolve the business.Complementary Skill SetsDon’t partner with someone just like you.

It had a old oil boiler now putting in a gas boiler, using a new electric water heater for hot water.

Then if they are not self managing shave about 30% off of their gross revenue. 

Probably due to the roller coaster ride of the oil industry.