I have worked with Anthon Mecham with Authority Heating & Cooling LLC (801)885-8639 a couple times.

Andresa Lobrace I am planning to split water, oil heating between all the units in coming future and after that increase will be based on how many rental inquiry comes in and how many qualified applicants, I could find. 

The kitchen needs a rehab.It's an oil furnace which would have to be converted because I can only imagine the heating bills would be insane to heat the place.A local realtor thinks 250 max for the property, but the seller wants 400.

Make sure it clearly states how much they can do without actual approval from you as not hearing from you should not be considered consent, but understand that in an emergency like heat goes out in January that they can arrange for repairs if they cannot get in touch with you.  

ARV should be around 45K and should be able to easily rent for $90047XX N 30th St, California, Milwaukee, WI (PM for complete address)Built ~1905~1500 sq ft3bed,2bathHome has NEW Roof, Kitchen cabinets, sink, Stove, Refrigerator, Heating system, Water heater and 1 bathroom has new sink with vanity, toilet and shower the other has new toilet and sink with vanity also new exterior door.

@Justin HerringtonWhile Thorold does not give a maximum occupancy per dwelling unit in a direct manner, it appears to define any building providing lodging to more than four (4) occupants as a boarding house:“boarding house” means a building in which lodging is provided for more than four (4) persons in return for remuneration or for the provision of services or for both and in which the lodging rooms do not have both bathrooms and kitchen facilities for the exclusive use of the individual occupant;In turn, they restrict a rooming house or lodging house (but never marry definitions to that of the boarding house) as follows:Where a dwelling unit contains rooms intended to be used in conjunction with a rooming house or lodging house, the occupants may share a single bathroom provided that: (1) not more than nine (9) persons occupy the dwelling unit; (2) for each additional nine (9) persons or part thereof, there shall be an additional toilet, handwash basin, bathtub or shower; and (3) access to the bathroom can be gained without passing through: (a) a habitable room of another dwelling unit; or (b) an open area, which is not normally heated during the period of the year which heat is required by article 2.22.3 of this by-law.So, it appears to come down to whether boarding houses are permitted where you property is located (and whether they need to be specifically licensed), unless your building would be seen as a non-conforming duplex.This is the question, I believe Thomas was asking.

The whole building measurements include the interior hallways as part of the heated area, but not patios and porches.

The house needs carpet/laminate floors, HVAC Unit heat pump, and minor drywall repairs.  

It's a pretty busy market here in the city with many ways to look for deals (also pretty competitive right now as the summer heats up).

The lathe & plaster tear outs to accommodate insulation, as well as electrical, plumbing & forced air heat vent runs is a lot of work.