@Phelim Lennon I financed the property 20% down conventional by spending money getting the heat/water to run to meet guidelines before actually purchasing the property.

For me, living here wins hands down over the heat and humidity of Atlanta.

Property taxes also vary greatly between locations.If you can keep your operating costs <50% (around here <60-65% on a multi-unit where you would be paying the heating and cooling), then your mortgage needs to fit into the remaining 35 - 50% and still leave you enough to put in your jeans at the end of the day.

Keep in mind, the AC/Heating system will have the same smoker's residue as the interior of the unit. 

Has saved many times when tenants leave the air conditioner after they leave and have used it when vacant in the winters to control heat during times when I need to ensure the pipes don't freeze.

Price $430kGOI: $52,200Taxes + Insurance: $14,600Vacancies / Gas Heat / Maintenance (estimate): $8,250On-site property manager landscapes and repairs for discounted rent. 

I'd do that now, there may be some surprises.Second, the heat looks way low unless the tenants have separated utilities and pay their own heat. 

The past 2 days, it has been rather hot in this area so I wasn't sure if the heat caused the gases to expand which caused the bubbles or if its just shotty work. 

Heating in winter and cooling in summer - your contractor will have the utilities cranked up full blast because they have the window open so paint and drywall mud will dry. 

In terms of a money sucker, I don't mess with anything that doesn't have central heat and air.