I love how warm oil heat is , thats the good part , now , the furnace needs to be cleaned every year , tanks get gunked up , oil lines freeze from condensation , tenants run out of oil and system needs to be bled to restart , oil is $ 4.00 a gallon , so 100 gallon min delivery cost tenants $ 400.00 .

But now they are able to take that same heat pump condenser (the outdoor unit) and run it to a standard ducted system.

We just installed 2 dehumidifiers with condensate pumps installed so water is being plumbed out of the house at all times through this condensate pump. 

I was in your shoes looking for local banks in the triangle and found that bank fox had a nice condensed list.  

It comes out to about $5000 for the furnace and condenser equipment and about $2000 to run the duct work.  

If someone were to get say 8-10 of these home in a condensed area, Rehab them to slightly above the local market, no million dollar homes but nice shrubs out front and mid-ranged interiors, do you think that that would bring the market of that street up above the surrounding area or that it would end up reverting back to the way it was before?

Most tenants are good but, of course, you started out with a bad one :( You just paid for a very condensed education.

There's a lot of information on here, but it's  a bit to much to  condense.  

Here's where we are at today:Price: $400kRehab: $185kDown: 3.5%HomePath Seller Credit: $12kDown payment + closing costs: $18k + $6k to pay off *some* student loansARV: $655k (not including appliances or central AC condensers which will increase that)NOI: $50k (including taxes, insurance, utilities, 3% vacancy, 5% maintenance, 5% CapEx, 7% management)Debt Service: $33k/yearCash Flow: $1300/monthCOC ROI: 66%Pay close attention to that COC ROI.

Question on the AC and furnace: How are they metering the AC separately if there is only one condenser?