The unit also only has an in-the-wall air conditioner in the family room.

We had no idea we had to get a brand new furnace and air conditioner, was not expecting the work we had to do AFTER the foundation with all the yard items.

After purchase I installed new flooring throughout, repainted the entire home, updated lighting to LED, updated master bathroom, replaced old furnace, air conditioner, and propane with a energy efficient geothermal system that heats, cools, and heats domestic hot water.

Many properties I’ve seen are in horrible conditioner and few mainly need cosmetic work (Paint, New tile floor, New carpet, Refinishing Wooden floors etc..) along with a furnace and heater!

If they want a ceiling fan, window air conditioner, bath safety grab rail, etc. then charge extra rent so that the upgrade pays for itself in a few months.

And if your budget is 15k for closing costs and rehab, what happens when something goes wrong like a water heater, air conditioner, medical bill, car breaks down, etc?

Purchase price -630,000$ - Paying 15% downRent Roll- 625$ per unit- 90,000$ yearlyOwner pays for Lawn Care and Trash only- 4200$ per yearTaxes- 13,500$ yearlyInsurance- 6000-7000$ yearlyObviously would have to factor in a mortgage payment.Windows, air conditioners, roofs all in great shape.Any advice would be great!

(C) = Cages around window air-conditioners.

I live in Jacksonville, FL and need to repair a furnace and air conditioner for a property in Winston Salem. 

I have seen it way too many times where someone gets in way over their head once they find out the house had all the copper piping, air conditioner and kitchen appliances, cabinets stolen.