It was -20F and the highest affordable temperature was 58F.

Husband was in the Outdoor Business for 30 years and had his stomach full and I lost my job nearly 2 years ago due to close of the company.

We get 100 new people coming into out doors every month...  

It was totally below grade and the temperatures there were 10-20 degrees different from the floor above. 

Temperature control thermostats that have a max,  we use a  landlord stat from Chicago temperature control.

You are taking more than a couple of risks here. ..tbe biggest is not being able to refinance this outdoor took the balloon coming due.  

Basically, they had to correct the violation (stop smoking indoors) and if it happened again I could evict without notice.We do not allow smoking indoors, by the tenants or any of their guests, outdoors only and must use proper disposal containers. 

Question for the BP community, I just closed on myfirst 3 family househack a few days ago, and changed the outdoor locks to the unit I will be occupying with a standard keyed entry lock at least for now.

All 2 bedroom unitsRents: $600 per doorMarket rents: $1100-1300 per unitRehab budget: $175kOther measures being implemented to increase NOI: Energy efficient LED lighting indoor and outdoor, RUBS, coin laundry, storage units, pet feesProjected rehab time: 6 monthsProjected ARV based on 7 CAP: $1.2mProjected cashflow after cashout refi: $400 per doorDeal#3Cost per unit: $55kRent per unit: $800-850/mo per unitProperty type: 4plex in Cincinnati How we found it: off market through Facebook groupStrategy: 1 year House-hack followed by 5-7 yr hold rentalFinancing: FHA loan 3.5% down @2.375% interest rate2 units owner occupied, 2 units rentedRental income covers all expenses and mortgage costsIf all 4 units are rented, property to cashflow $200-250 per door as-isLearnings:1) Mindset shift Reading Kiyosaki's Rich Dad, Poor Dad and Cashflow quadrant motivated us to - let go of our liabilities and build assets, move from Employee quadrant to Entrepreneur and Investor quadrant and put us on the path to create passive income.  2) Education - We spent a year reading books on real estate investing, listening to podcasts, reading BP forums and analyzing deals.

(Note to investor: I know you feel like your acting stupid as a real estate investor when you do that technique above, but what you are doing is raising the emotional temperature of the seller.