A 5% rent increase is not going to cover the 37% increase in heating oil this coming heating season.

This could include mortgage or private lender payments, electric, heat, water and anything else that you pay during the time you own the property.How long it takes depends on many factors.

Now there are some expensive repairs that the house needs: DETERIORATED LEAD BASED PAINT ; EVIDENCE OF MOLD ; REPLACE HEAT PUMP ; REPAIR PLUMBING ; REPAIR HVAC DUCTWORK ; REPAIR SIGNIFICANT CRACKS IN FOUNDATION ; CORRECT GROUND GRADE TO PREVENT WATER INFILTRATION ; REPAIR FRONT PORCH STEPS ; REPAIR WINDOW Just wondering if this would even be worth considering.

I replaced the copper pipes w/ Flexible PVC; looks like garden hose but is bendable and if heated w/ blowtorch, retains its original straight shape.

I've got access to hardwood floors quite cheap, and I figured that would be one thing (much cheaper than carpet).Would you go electric or gas for heat?

The REO I want to buy has been vacant since November without heat or a/c.

The income of the tenant; inclusion of appliances; the power source (gas or electric) for heating and other appliances; whether it's an initial Section 8 leaseup; etc are all factors in the rent Section 8 will pay.

You'll be dealing with plaster walls, ball and tube wiring, decrepit plumbing, no insulation, and how does it heat and cool?

If its starting to get cold in your area, you'll need to have the heat on or have the unit winterized.

Yearly PITI: roughly $28,000 Yearly association fee: $2500 Cleaning fees (paid by renters) Yearly average utilities (cable, phone, heat, electric): $3240 Yearly advertising costs (vrbo/homeaway.com etc): $600 Total costs: $34400 The house rents solid 3 months in the summer and 3 months in the winter.