Also the pool is in a good shape and had a nice heated pool pump.They had originally listed the property for $255k and eventually reduced to $230K, this is when it went under contract for $198K which is around 16% discount.

If the landlord is paying any of the utilities then, imo, you really want to analyze your numbers and net operating income as heating bills in IL might be a whopper.And why so long to close?

Since we currently subsidize the cost of fossil fuels and other energy in the US it's going to be necessary to reduce how much we pay to heat and cool them.

The topic tends to a bit heated some of the time.John Corey

I have read that things like roof and heating systems dont add that much value to the house.

I'm looking for opinions on a deal I have just began to pursue. 24 unit12- 1 BR12- 2 BR6- 4 unit buildingsTennants pay heat/elecLandlord water/sewer3.25 acresasking $720,000 or $30,000 per unitSmaller mid-Michigan town near expresswaySome updates have been done, for the most part apartments are worn.

The only repairs we are doing is a major complete bathroom remodel, new sheet rock, window and door in the kitchen, new heating system, and 3k in repairs done to the electric.

There could be other assumed obligations (heating, cooling, running water, safe electrical when dealing with a rental and you are the landlord).If you want the ability to buy something in the future but not the obligation you are talking about an option.

It does depend on the ground being able to handle the load created (volume of fluids that can be absorbed into the ground).As an area becomes more developed and homes are closer together then a sewage plant is build and lines are put in so that homes can connect.

In TX it's very difficult for me to do much outdoors between about 1:00 and 5:00 PM without getting bad headaches from the heat.