It is set up so the landlord pays heat and water, tennant pays electric.

I've wholesaled both and the differences I noticed were:1) You'll want to get a survey so that you know exactly where the property begins and ends.2) In NJ (and the northeast in general) there are issues with underground storage tanks (UST's) that were used from the 30's going forward when many homes were converted from coal heat.

Replace all interior doors ($7000)Heating/Cooling – New Furnace ($3500), new baseboard heating ($1500), New A/C ($500), does water heater need to replaced?

I bought a duplex for 13k and put 8k into it in heating system and remodel of attic to turn one of the apts to a 2 bedroom apt.

Over the past year i have a lot people ask if i had any rental properties with heat.

They pay the utilities (For water I am always on top of it, i ask receipts quarterly), heat and electric also belongs to tenant. (5) My section 8 tenants are very long term tenants, so I am trying to remember how it was initially ???

When you've done a bunch of cap rates you have a feel for what the debt and other expenses will be on a certain sized property, the main variable on a small multi can be whether the heat is included or not.

I collected 750 per month and I had a 261 per month pmt and about 140 in property taxes and insurance and I had a 400 a month heat electric bill.

Facebook is the one with the incomprehensible status updates and heated topics about American idol.

I have no intentions on doing anything, I'm only asking to learn and know for the future.A fully fresh rehabbed property just came up on the MLS, new stainless energy efficient appliances, carpet, paint, floors, heating system, ect..Now, my questions are as followed.1) Seeming how all the work is pretty much done, is their any leverage in brining the price down or is it even worth to look at it in order to FLIP it?