It is an item of MAKING MONEY and NOT of producing, transporting or bring to market any goods or services at all.

Would like to understand from you the investors standpoint what part of the due diligence that failed.Another item of discussion has everyone gotten over the concept of Passive investing? 

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.

HELOCs carry higher rates than cash out refis.

Then compare that to what you’d net by listing it as-is—factoring in the time you save and the carrying costs you avoid by not renovating.It might seem straightforward, but once you dive into the numbers, the difference between renovating versus selling as-is can be surprising.

These are just some of the additional items that will have a significant impact on carrier's rates, your premiums, and whether we start to see the insurance market soften anytime soon or not.

I then would have my tax cpa enter in or do it after discussing tax based items (depreciation- MACRS, reserves, year end accruals, reserves, etc.).

I could completely be misunderstanding the process, so thank you, in advance, for clarifying these items for me.

They will also often carry very expensive interest rates and have other fees tacked on.

A D class neighborhood will carry a stigma with local residents.