For example, they may be looking for single-family homes with at least 3bed/2bath, attached garage, central heat and A/C, and a fully fenced back yard.

If I put the two bed 1 bath rents for 800 that is 2400 for those ...the studio I am adding will be another 650 So 3150 for apartments ..With 13 storage units at 55 that is 715 a month but I am adding a larger 14th unit that I will rent for 150 but let's say 100 bringing the total to 815 for storage So 3150+815 =3965In a cap rate appraisal you exclude the mortgage, tax, insurance and cap Ex So expenses are ..Heat 200Water 75Trash 75Landscape/snow 75Repairs 120Vacancy 120Miscellaneous 200That's 865 in expenses but let's say 900So 3965-900= 3065 in profit (noi) x12 months in a year=36780You divide that by the market cap rate..which I am going to use the most recent data of 7.45%36780÷0.0745=493,691can't be right.

If it heats to 350 when set to 350 you respond nope, works fine. 

Three months later the heat exchanger exploded.

Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new cabinets, new shower, new windows, replaced the flooring, and new doors.

Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new cabinets, new shower, new windows, replaced the flooring, and new doors.

Some of the main improvements include: leveling the floors, tearing out the lath and plaster, new electrical & PEX plumbing, new siding, new roof, all new heating and air, new shower, and new windows.

In some areas, you'll need emergency egress, heating/cooling and separate metering as well to be considered a triplex.

Updated electrical panel, new water heater, reconfigured kitchen with new doors/drawers, new countertops, new sinks, new plumbing fixtures, new appliances(seller provided), new flooring, new interior doors, new vanity, detached single car garage, new garage door opener, and newer heat pump.

Sorry to heat about tenant situation.Understanding that you should not let your emotion get into your decision making process is also a big plus.Good Luck on your next one!!!