The price tag on this property is $379k. 

You probably wouldn't want to use direct vented gas fired hot water heaters since they carry a bigger price tag, so if you use gas for hot water heating without direct venting your exhaust has to go through the chimney - there are sizing requirements for that and requirements for how to share a chimney; electric hot water heating won't have this issue.Then you have PECO to install gas lines and meters.

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I'm fairly new to to posting on here, could someone tag any tax experts?

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When entering a transaction for my "PropMgmt Acct" I see that I can tag the transaction with a Customer:Job:SubJob and a Class:SubClass.  

Few days ago I came across bank owned house with price tag of $300k.

Pros: low maintenance, low price tag, positive cashflowCons: rents capped at 700/mn, not going to bring in rock star tenants, not the most desirable areaThanks for the help!