He advised that they''d both need to be converted and the total cost would be 15K, which wouldn't make sense for me at the moment.Curious if others know of a more cost effective way to convert to split the heating system or if it's better to just build it into the rent rate. 

ROE over 5 years is too low (I want 15%), you’re creating zero property value and your ROE in this example is being largely impacted by your 3% annual property value growth, that’s a bit high for me at this part of the cycle (2% would make me more comfortable) I would also make the assumption that your rents and expenses are growing in lock step. 

Feel free to contact me at your convenience. 

If it’s worth “just” $825k, then there is not enough ‘meat on the bone’ to be able to get a hard money loan for the down payment, rehab, float you for long enough to be able to flip it, etc. 

Trust me, all of this was soooo foreign to me at first, but after doing my own research and asking questions on bigger pockets I am very confident in my direction, numbers, market, and how I plan on executing my plan. 

The home is probably worth 200K (ARV) The foreclosure judgment is at 126K (so there is some meat on the bone) HOA lien ($1500) IRS Lien (130K)Based on this info, would you agree that the IRS Lien is junior to the mortgage?

It would hurt me at my core.

Plus accounting for all the closing cost after the refi is such a blur to me at this point but I WILL STILL MOVE FORWARD.

If the group meetings are posted here on BP, I'll be damned if you don't see me at one of them!

Your network = your net worth and frankly I am only interested in meeting/hanging out with people more successful than me at this stage.