I like using these for just this case.Another item to consider is since this is a 2nd floor I wouldn't be that worried since the 1st floor will heat the 2nd floor enough to not allow frozen pipes.I would also talk to an HVAC person because I believe they can also put a device to cycle the heat a few times a day or even put a secondary thermostat in the apt to take care of the minimum issues.I feel for you because otherwise you have a great tenant.

This is just one item. 

I believe people should have everything they need to cook with and nice kitchen items to use to cook. 

Hi everyone, I just came across this thread, and wanted to address a few items.

At the time, we were not thinking as investors and primarily focused on buying a modern, pretty property under $1M.

You can get some estimates from contractors for what they charge for big ticket items like to renovate a bathroom, renovate a kitchen, replace the furnace, replace the roof, etc.All wholesale deals should have free and clear title and you should be able to see the sales agreement before submitting the earnest money deposit.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

The AP has to be open, notorious and hostile...those terms have a legal meaning and essentially it is that you as the owner have been fully deprived of your right to the property.Absent those items above, it sounds like at best they have another legal right which is a "prescriptive easement".

Also, when it comes to these infrastructure items you are concerned about, learn more about the "options".

As expenses fluctuate (property taxes, insurance, maintenance items, etc), the cash flow is up and down and unreliable.