All items are to be addressed prior to closing with follow up city inspection.The property needs about $60k in repairs or replacements of items such as driveway, windows, heating units, side walk etc based on inspections and estimates.

Some of the major rehab involves Siding, portion of roof, new sidewalk, splitting electric (new panel boxes and meters), heating (new furnaces and re laying of duct work), water (new water heaters), portion of broken sewer pipe replacement, replace electric wiring to 2 units, new kitchen, bath, flooring, windows, doors (interior and exterior) in all units. 

Snows coming , get an enclosed cab machine with heat , make some real $$$$ .

A 3 bedroom all-electric house (with a heat pump) should rent for $1085.I wouldn't get a 4 bedroom rental in that area. 

Businesses will charge us for the visits and we will need to pass the cost down to tenants.As for heating systems, it sounds like even the gas on gas type heating stoves in living rooms (opposite sides of stoves) is not allowed too? 

Then if there are no hammers coming down from the town code enforcement officer, the studio apartments would potentially net $300/each/month after expenses (those include Heat, Electric, HW).So the potential positive net cash flow is anywhere from $300/mo - $1500/mo. 

Depends on whether or not heat is provided or tenants pay for it. 

This would bring sqft up over 3k as it is heated/cooled). 

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.