I actually did a Recast on another property last year that shaved $250 off my monthly payment, which added to my cashflow.

Electric baseboard costs about 90% more than oil to heat a home(this depends on electric rates and oil prices.

If you have good relationships with your subs the better the chances are they’ll want to work with your timeline as well and perhaps be able to shave some time off.

After the vacancy is filled, that would add another $1,000 / month.The property is generally in good condition with some upside for appreciation and there are some changes I was thinking about to increase the value, I.e. converting from oil to electric and have the tenants in the residential property pay their own utilities.

Oh, unless your in oil country and the price drops to $20/barrel! 

I'm trying to rent my 2nd floor in my owner/occupy, but I'm running into some resistance on my heat utilities as I have oil heat/hot water.Currently I am including water/sewage but tenant would pay electric/heat/hot water. 

usually they will guide you.if you have a contract signed and are in attorney review, you should have all the contingencies outlined. you should do an oil tank sweep. that costs under $300. if there is an underground oil tank that was not properly decommissioned with permits, RUN AWAY!! 

However we have clients who have tax liens, gas and oil rights, llamas, trees, etc. think of working within an investment group or real estate group to gain knowledge and experience. 

Considering more in Calgary since property took a hit with the oil dive.

Tainted water in flint, oil spill on the coast, massive fire in Sonoma, earthquakes, floods, etc.