That number will be different for you because I'm going to assume things in your market are priced a good bit higher than in mine (rents included).

I had the same feeling with mine. 'Really

This information is from a good friend of mine, real estate investor, and lender with access to tons of different inventory friendly options!

By the time you have signed all the title docs you will probably have indemnified the insurance folks of all liability except for the most obscure and rare clauses i.e. someone has some ancient mineral rights to the land.

A water heater can last upwards of 20 years but it depends a lot on water quality.If the property has hard water, it can shorten the life of the unit due to build up of minerals on the interior.

Since you plan to rewire anyway, the whole 'down to studs' plan makes sense, but couldn't you do pretty well with dense pack cellulose (or mineral wool) and fishing wires??? 

I am not sure this debate has occurred here on the boards.First let's understand what the definition of a security actually is:The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.So right there at the beginning of the definition we see "any note".

Minerals don't adhere as well. 

I live in El Paso, and I studied a Master Degree in EE at UTEP (Go Miners!!).

One part of our business is advising and placing clients in Reg D and 501(C) private placements like DSTs, alts, and oil & gas mineral rights.