Its probably hot water boiler since its zoned If it works it is efficient.Consider Mini splits more cost effective .

sounds like a good deal if you can pull it offyou would have to do some infrastructure work to make the units pay for there water, plus going to mini slip units would reduce energy from the window unitsraise the rents to what is current for your area and re crunch the numbers plus add the upgrades to see where you are sitting with the cap rateat this point your looking at 30k per unitI'm not sure if this is a good deal in your arealook at improvement costs, reevaluate your upgrade costs and do a comps per unit in your areathis should give you a better idea if you want to continue on the purchaseenjoy

The house will not have any gas heating - mini split systems are being installed throughout the house.The general concept around the plumber's pricing is based on charging me $2000 per "run", which he represents compares favorably to a large plumbing contractor typical pricing in NYC.

its one reason i personally would be very careful with low end multi family.. these become mini war zones in of themselves in a subsidized housing situation.. to force your new tenants to live next to this situation to me is simply grossly unfair.. these existing tenants are your issue not theirs.

and well frankly they run it like a mini prison. fully fenced with barb wire tops  full security system on site security.. and Men are not allowed.. the units are all rented to females and children and all on Memphis housing vouchers.. if they are not married no men can come in.. there is some law in Memphis about trespassing and if the men try to sneak in and shack up with the tenants the law is called and they can get arrested.. this is how you run those asset class's can it be done yes.. if done right and you earn the little extra in cash flow ....  

I am looking to build mini storage units providing the city will allow the zoning variance.

However, I have no prepayment penalty so I can make mini balloon payments anytime I want but that particular bank didn't have a 7 year option.

Aloha @Jonathan Cheng ,Got your message - Every Wednesday morning I have a coffee 'mini-mastermind' session with different people before my company operations meeting starts.

Lady with family just got ahold of me about 54 mini storage units in 3 builds on same property.

I know I have my PM change them and it serves as a time for them to do a mini-walk through a couple of times a year.