Today we’re sitting in a heated house taking shelter from the wind.

Today we’re sitting in a heated house taking shelter from the wind.

I have no mortgage on the property and it generates about a $6k surplus each year.When my current tenant moves out, I'll have to re-carpet and re-paint, maybe renovate kitchen.My question is, since all the appliances are original (and still in good working order), when this tenant moves out and I do my renovations (mentioned above) should I sell it before some of the expensive things start breaking down (a new heat pump will run me about $6,000) or re-rent it?

But when I say full gut and rehab I'm talking: taring everything down to the studs, updating plumbing and electrical throughout, probably upgrading the panel, adding duct work for heating and cooling, new mechanicals (boiler, A/C, etc) , hardwood floors, new kitchen, new dry wall and insulation, paint, finish work, etc.

I am going to put an offer on a bank owned REO, but the issue is that all the utilities, i.e. heat, water and electricity have been shut off.

Circle the dryer, on high heat, above the spot.

Most of the people use heat treatment, as steam cleaning process can work to kill off various types of fleas and other infestation in the house also.But, make sure to make a good plan to get rid of fleas.

Reminds me of the one we bought in '87 from an old hoarder who literally heated cans of food on the electric stove rings.

They will often be between 50 to 60% when roof, windows, water heaters, heating and air,etc. starts reaching end of life expectancy and has to be repaired to extend shelf life or fully replaced.Many times some brokers do a ( if buyers don't ask then don't tell ) kind of thing to get stuff closed and make their money.

New heating unit and hot water tank.