I live in anaheim California, when it's hot out, my upstairs apartment seems to trap all the heat inside since the ceiling is wood beams, it gets so bad that even if I open up all the windows and doors, no air flows through here.

Not having enough reserves is hurting a lot of operators right now.You can always implement Ratio Billing for the utilities and bill back.Be careful with unit sizes, and if there is central air or PTAC systems when getting market rental comps.Looks like you've got an opportunityGino

Ex (random numbers pulled out of thin air)$100k purchase $160k ARV$30k reno but $20k at cost$15k holding costsTotal Cost:$145k cost or $135k with contractorWith the contractor at cost, I have an extra $10k of margin where I don't lose money, but obviously not ideal for the contractor since they would make less.I think a good way to price it would be the equity would equal your profit if you did a fee construction at slightly below the projected ARV, and slightly below the projected hold time.

Relax in the air conditioning after a day at the beach.

Bring an air compressor with fittings, hook it up, go around listening for air leaks.

To the best of my knowledge, one of the tenants (married) are employed in the accounting field at a local air force base, which was the only reason I was considering it.

I dont think I will get into the short term rentals or air bnb. 

I would go to the house with my air compressor, hook it up, and see where the leak is.

The property has great amenities including central heat and air, pet friendly, washer/dryer, great backyard + patio, an upgraded kitchen and bathroom, and upscale furnishings. 

I have a 4 unit property that has forced air heat but no a/c.