@Benjamin Seibert were you looking to flip or buy and hold?

@Frank HinckI’m trying to understand the cost of fees, interest, points, as well as holding cost associated to the deal.

They are for holding that property only - that money IS your cash flow. 

If it's a long-term hold, removing the boiler can give you a huge NOI, so you should consider it... especially if you are already renovating!

@David RutledgeGreat move holding onto that 3% rate while leveraging your equity for another deal!

If you have that kind of money you should be closing deals, not wholesaling them.By the way, wholesaling is NOT investing, you're not holding the properties, your trading them. 

Unfortunately, Covid decided to change my plans, and I made the decision to hold off, in hindsight it was a huge mistake and no one could have imagined that property values could have increased at such a high rate.

There are a couple opportunities thats on MLS currently, and I am crunching through my math and it seems to work out well (positive cash flow, decent cap rate).Some key assumptions I hope still holds true today:  low vacancy rate in general. ~1000-1200/month for a room in a single family house / duplex. 

I really advise doing everything you can to be on the same side as your residents and to be aligned with them, but some of them may not hold up their end of the bargain.

Be willing to hold them to these standards.One of the best things I ever read in these forums was to be firm, but fair.