If oil activity can ignite certain areas, that may be the leverage.Makes for great opportunity to negotiate discounts up front, where they should be, from an investors perspective.

When I inquired about the charge I was told that a plumber went to replace the igniter on the water heater because it kept failing and after he got the unit working again and departed the site, the pressure valve exploded after a short time and began leaking water from the second floor unit and it got down to the first floor. 

Everything I'm reading is this housing shortage has been a long time coming and that Covid/low interest rates ignited the issue.

“White people need to ignite their racial identity and rain down suffering and death like a hurricane upon zionists.”

New Kitchen: $9,800Total investment: $236,800Closing costs: $0 (went through his own company) 6 months of rental income at $2000/month = $12,000Taxes for 6 months: $2476 Insurance: $500Tenant paid all utilitiesTotal investment after 6 months: ($236800+$2976-$12000)= $227,776Refinance cost: $0 (own company)Refinance appraisal w/new kitchen and tenants having torn up carpet exposing hardwood floors: $259,00080% LTV = $207,200 loanTotal left in property after refinance: $20,5761.5 years of renting at $2000/month with PITI of $1426 = $574 on top of mortgage per month-expensesActual expenses: Vacancy: $0; Utilities: Tenant; Capex: $0; Expenses: $426.25 (oven igniter, lightbulbs, hvac servicing) Management: $0$574x18months= $10,332-426.25Total of own money left in house by time of option purchase: (20576-9905.75)=$10670.25Remaining mortgage after 18 months at time of lease option execution: $200839Sale Price to tenant: $270,000 done as a direct sale between my investor and his tenantNet proceeds to seller: $264,049.47 - $200,839 = 63210.47Profit of sale - total remaining initial funds = $63,210.47 - $10,670.25 = $52,540.222 Year profit on deal: $52,540.22 (taxed as a rental, not a flip) or $26,270.11/year. 

Hi Austin,Oh-dark 100--man goes out and gets into PU truck.Boot in the step up, slides in, fires it up (no diesel in the coldest of the cold places)....Inside the cab is Ice cold, the steering wheel cannot be touched with bare hands--coffee thermos by his side.Key in the ignition--ding ding ding...and Vroooom the large V8 comes to life!

I have been listening to the podcast library over the past couple of months and it's ignited my passion to really get moving on my real estate goals!  

Personally, I like electric for rentals, but in this case, I might stick with the gas and when I needed repairs on the existing stoves, replace them with electric ignition, gas ranges.

The only time I have to replace them is when an old one that has a pilot light that won't stay lit, I then get an auto ignition. 

Only repair has been to the electronic igniter which was cheap and easy top replace.