If you improve the property, say you go from a regular property to a temperature control unit, this will allow you to increase the monthly rents and hence drive up your revenue.  

Over the weekend I installed a lock on the outdoor hose and informed tenants I would be making visits to check for leaking toilet flappers etc.After word got around I was contacted by one of the tenants to inform me that the one unit that has in-unit laundry (preexisting when I bought the property last Nov) has been running the washer at least once a day.

The cold temperatures can result in really high heating bills, especially if the windows are old, furnace is old and little insulation.

I pick a geothermal as opposed to the mini-split Charlie mentioned because you would not need to augment the system with oil or gas since they have the power to heat at sub zero temperatures. 

What are some real world rates/terms/fees you've been gettting for commercial multi-family in recent months?

It's a great town, but I would say an older demographic, more money, more families, more owners/less renters.Manchester is a great option, especially for young professionals - lots to do, restaurants, bars, walking trails, easy access to Hartford and the suburban towns that host lots of farmers markets and outdoor activities. 

I have two primary questions for investors in the St Michael, Hanover or Minneapolis areas:1) What is the temperature of the market there?

Also much harder to steal than outdoor units if that is an issue.These companies make them: MagicPak, Skymark, and FirstCo.Let me know what you guys decide on since I am interested in knowing!

The allure comes from very generous common spaces, lounge areas, outdoor space, pool areas, gyms and - I have even seen an indoor golf simulator.

I do agree that it is a huge risk and not for the faint of heart which is why I’m taking a temperature on here of whether experienced investors feel I would simply be taking a risk which requires certain considerations and precautions or about to do something completely stupid.