In addition to what was already mentioned, in my area finished basements and central air adds brownie points around here.

My partner and I actually went and established an account with TD Bank in the Bel Air area last week, a day or two after my post.

The space has central air and electric but the previous owner did not put in plumbing.

CMHC-insured financing can help open the doors to homeownership by enabling homebuyers to purchase a home with a minimum down payment starting at 5%*.Features Loan-to-value ratios up to 95% for 1 – 2 unit owner-occupied properties.Loan-to-value ratios up to 90% for 3 – 4 unit owner-occupied properties.Down payment flexibility — In addition to traditional sources, non-traditional sources of down payment are permitted for loans with loan-to-value ratios from 90.01% – 95%.Flexible financing options — single advance and progress advances are available.CMHC-insured mortgages are portable — helping to reduce or eliminate the premium on the purchase of a subsequent home.CMHC homeowner mortgage loan insurance is available to a maximum of one property (1 – 4 units) per borrower/co-borrower at any given time.CMHC offers mortgage loan insurance premium refunds for homeowners who purchase an energy-efficient home or purchase and make energy-saving renovations to an existing home.

Since yours is a smaller house, and you dont NEED central air, nobody in the area has it, you should be able to get the rehab done for WAY less than 40k.

I'm 27 and have been in the US Air Force now for 9 years.

In many cases, the hands off approach is catastrophic... when you're dealing with low-income, low-information, low-skill 'general contractors' (I cannot use enough air quotes)We're a design build firm.

Its call "air hunting" I believe.  

Its all up in the air for now.

Replacing of furnace filters more often on the smoker's unit is important to keep the furnace working and to prevent more nicotine residue from getting into the air ducts.