For investors the REC would certainly be even more strict, if not totally unreasonable.

Steve Babiak, I understand that the analogy that I made is not strictly comparable.

The existing boiler will probably be too big for just one apt, so unless you want to keep getting complaints from your tenant about their high gas bill you should just do (3) new ones, be sure to add an auto feed system for the water but make sure that you keep the routine maintenance up.

In Virginia, if the LLC is strictly a RE investment organization, you form the LLC, get an EIN, and business licenses are local to counties and cities and not required for this purpose.

Not sure how strict the other programs were, but I was told by the loan officer that it would be similar rules for conventional.

Strictly forbidden in the retirement account world.I knew a guy who talked to me about tax lien investing.

That's a LOT better than Georgia, which requires you to have another licensed individual sign off saying that you were responsible for at least two permitted jobs (Which is awesome fun, because contractors LOVE breeding their own competition and are happy to do it strictly for the happy feelings that sharing and being helpful give them...)

For me its strictly a local issue for the best real time comps,,,,several of my local rei clubs have subscription based websites that do it well.

I don't know about all hedge funds but the ones I work with are buying a mix of cash-flow and capital growth with very strict rules.

I have been involved in a few flips in the past but strictly helping with design and permit drawings.