Junior Salters,You said: Previous owner's total expenses for a year were also $2,737.50 which includes property management fee.That expense figure, is only for one year, and it could indicate deferred maintenance.What happens when you need to replace the roof, heating system,etc.

I need to rewire the units and most likely install baseboard heat, upgrade kitchen and baths, etc; so it would be very difficult to do this while occupied.

I've read that they typically pay utilities like heat and garbage, but a lot of people mention that they themselves pay the water bill and sewage bills which can get expensive. 5.

Everything has been replaced (plumbing, electrical, heat pump, central A/C, etc).

. - so central heat and air.For reference, i have a 3 bed 2 bath bungalow in North East Los Angeles that i'm about to finish remodeling, and am now contemplating new central air in.

It doesn't have central A/C or heat and a new wall unit would half to be purchased and installed into an existing opening.The only work that needs to be done is cleaning, perhaps some light landscaping, and the purchase and install of the A/C unit mentioned above.

I would be open for suggestions on financing.12. heating cooling wiring hot water heater replaced.

The third one, when winter comes around, I will have to use the emergency heat setting to get the heater to work AT ALL which costs an arm and a leg (I pay utilities on those three units).

That is called brokering.There have been probably 20+ heated threads about this same issue.

And yes amenities are considered as well, not pools or spas or weight rooms, LOL, fridge, stove, A/C and type of heat....And your qualification % are HUD guidleines @ 30% and 10@ with usual circumstances, like additional handicap accessible amenities required.