The old carport had been converted into an addition and was now heated and cooled and considered livable space.

We are looking at a 30-unit built in the 1960's, and the current building is set up with two oil boilers, one for the hot water, and one for radiator heat.

Purchase price: $197,500FHA 3.5% down: $7,000Mortgage, taxes, Insurance: $1,5352 Bedroom rent: $1,1001 Bedroom which I'll live in for a year but could rent for $850Barber shop in building: $650The only thing I pay for is heating which was $2,000 total for last year the rest of utilities or paid by tenants.My question here is with me owner occupying I will clear $215 but once I move out I will clear $1,065.

Heat & ac, basic cable or internet packages, parking, storage etc.

The lease reads: "Services: Water, Electricity, Heating Oil (up to 1,100 gallons), internet."

If you are in the Dothan or Enterprise area, let's connect and see if we can work together. I am going to start a direct mail marketing campaign. I am not a wholsaler so there are plenty of deals to go around.Darrell

One risk that we have identified are that the heating systems are very old (27 years), and we are apprehensive about their reliability.

I've been managing for 10 years, and I only hire a plumber if the the furnace is not making heat, or there's a burst pipe. 

Is it legal to only have a through-the-wall a/c unit WITH HEAT that is designed for 550 sf? 

When services are in landlords name vindictive tenants leave all their windows open all winter, heat the unit with their stove and leave taps running 24/7.