The BP site is wonderful for general advice and for expert opinion on US rules and regulations, but not for overseas laws.

Rather than approach it with a "build from there" mindset, write out a 5yr-7yr plan and start working backwards.Also, at those level you have to start thinking syndication and SEC regulations, if not already.Good Luck!

A great environment to raise young kids and make them contributing members of the world community.

For all you bears, consider this: the real estate market in 2008 is less regulated than it is today, and barriers of entry as an investor or homeowner are higher than before. 

They will also make sure that your contract complies with local laws and regulations.  

We are in a low supply environment.  

It saves time, money, and also the environment.

UNLESS you personally live in that property, you are operating a ROOMING facility and come under the State regulations for Hotels / Motels ....IMO, think again.

@David FernandezTechnically your boiler is an HVAC system (heating), but I gather you are contemplating replacing the hydronic heat with forced air.If the property is in an environment where there is a significant cooling season, then the extra cost of switching to a central air handler (i.e. heat pump w/ ancillary gas for additional heat), removing the radiators and lines and installing ductwork may make longterm sense.If there is not a significant cooling season, then it would be far more economical to replace your old boiler with a new high-efficiency condensing gas boiler (~95% efficient).  

Ill conceived regulations as well as fear and greed may distort prices in the short term, but supply and demand move them in the long haul.