If you are covering the rehab out of pocket prior to financing perhaps supplying material yourself rather than eating the contractor markup on it might be worth looking into.

Here up north, where it's a bit colder, the law requires landlords to heat to 68 degrees F if landlord supplies heat.

If the unoccupied units are very cold and there's a way to get power into them, it can be helpful to run a heat lamp on the main supply line where it comes into the unit.When you wrap the pipes, check the R-value of the product you're using and make sure you're using the one that provides the most protection.

Ask and you shall receive- Was just on the Institutional Property Advisors - Marcus & Millichap Research call who shared this chart of the top and bottom 10 markets for 2014 completions forecast and the percent of current inventory that the new completions will represent: So for those 20 metros we can do a little math; dividing the number of completions by the completions as a % of inventory to get the size of the market and then match that against the number of permits from above to get a sense of what's coming in terms of new supply.

Documentation is what it is, and you'll be asked to supply lots of it.

If you are doing a JV and he is supposed to supply the money but he does it by taking a mortgage out on the property, he increases the risk for you.

@Andy Robison - in PA, any utility supplied by the municipality is lienable to the landlord when the tenant fails to pay.

Typically these systems are heating water to 180 degrees F on the supply side, with a return temperature of 160.

I have read there are no national builders playing there so I'm sure the supply of new build is low.

Demand and supply vary dramatically in different areas, creating substantial pricing differences.