Also, don't forget that baseboard heating should be installed on its own breaker, which will require running electrical wiring from the unit to the electrical panel. 

I have had this conversation with a commerical and a traditional lender now and it could be a deal breaker for the refi.I thought using HELOCs for financing would help me make deals easier, but this is being a headache.

If you are looking to buy 50K houses, that doesn't exist in your state, but those investments tend to be risky and best suited for experienced, local operators.Hi Brian,I wouldn't necessarily agree that due to a population decline in a state or city that's it's not a good investment.The micro economics paint a different picture than what can be found out online via research.There are areas in my market that are booming with sales and rentals flying of the shelf even tho the broad market is showing a decline in population.I think that majority of the markets in the Midwest are showing a decline on population anyway lolSomething that I have preached to investors for years now is that finding the right team to work with is more important than focusing on just the online stats/demographics.You are correct tho regarding turnkey outfits.Most are very shady and do oversell properties.Something that isn't a deal breaker as long as the property management is solid.In most cases it isn't so that kills the deal completely.Just my opinion.Thanks 

Even with a more expensive property if you have $10-15k still in the property that is not a deal breaker in my opinion. 

Be sure it's all gone - or budget to replace it.Along with K&T usually comes fuses instead of breakers. 

My agent had her general contractor come out and make the repairs including taking a look at the panel and changed out a couple breakers for proper sizing. 

Luckily it was fixable by the tenant, just a breaker error.  

If you pull too many 'AMPS' you will do 1 of 2 things- trip a breaker or fuse, or start a fire.You see this when people use an extension cord and run space heaters off the cord, the cord can get so hot it starts a fire.

I installed a complete system in a 1000 sqft ranch rental but I also upgraded the panel to 100amps & ran all new 10ga wiring & 240V double-pole 30amp circuit breakers to branches of the units in series. 

I would have to have an electrician provide a new circuit for either of these installs.Based on your experiences which option would you recommend?