I've always cut the heat off too but with an upcoming vacancy and the 8 degree weather we're having, I've considered keeping the thermostat set to a temp just to make sure the pipes don't freeze.

I'm willing to work on sites, do office work, run errands, whatever I need to do and learn along the way.I'm a recent graduate from Florida State University with degrees in Classics and English, was on the Dean's List every semester, and am currently working from home as a webmaster/web designer in the marketing and sales department of a local travel agency.

The degree of difficulty is much higher than it needs to be, but part of the underlying agenda is to cut out equity financing and bring deals into a bank.So, while these new regs will be a PITA, they also provide a large financial gain in the system.BTW, I do understand your resistance and let's wait and see attitude since you don't have a mortgage broker's license, if I were you I'd hope it wouldn't be necessary too, but much of the two recent Acts are pretty clear, doesn't take a genius to read them and say "Oh Crap"!

Hi Gary, if the pump failed on it's own I would pay the increased energy bill.I don't know where Your from but in Wisconsin the electric/gas bills have a "Degree Days" number on the back of the bill, this number would make it easy to figure the actual increase in fuel used for the month in question this year, and the same month last year, when the pump was working.

A note and deed of trust or loan is not needed when the LLC owns the property, the accounting of the capital accounts sets the degree of ownership (or can) and the operating agreement sets the liabilities and profits between members.Also, this is not a DIY thing to do, begin by doing it right, see an accountant and your business/RE attorney.

Another thing starting off, the two year employment rule to count income can be waived for a new graduate out of school working in their degreed profession with a letter of continued employment expected, that might help later on. :)

Your undergrad degree will be great for you in RE.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

The compressor and heat pump all but quit working and won't heat the unit over 65 degrees (even after doing preventative work on them while it was vacant).

Either way, until you have several homes in work where everything is fully deployed, you’ll want to borrow as little as you can safely, using your own funds to the degree possible.

As you mentioned cap rated are extremely low, the only value to be found I think would be large rehab projects which would require considerable capital and have a larger degree of risk than I'm looking for now.