Finally found this crazy small 700 square foot home at 22 University Court in Normal, IL. 2 bed/1 bath Closed yesterday:Paid $74,500Monthly rent = $1,000if I use a Property Management company I should cash flow $372.67if I foolishly try to PM it myself it can cash flow $472.67 - but I live an hour 45 minutes from here so I doubt I'll be doing that.Cash on Cash ROI is 5.56% While most families would NOT want to live in such a TINY HOME - it's ideal for college students as they will have low cooling/heating expenses from such a small dwelling.  

Baseboard heat, or baseboard trim?

Most of the companies that were doing it were fly by night concerns and reselling the old heating oil.You need to be informed about tanks here in NJ.  

I have no idea how you guys get your tenants to agree to pay toward repairs on your properties, appliances and heating systems.

That won't effect rent if the heat isn't free anymore? 

I'm looking at a few properties that don't have central AC system.How much would it cost to add central AC and heat to an old house that has around 1100-1500 sq ft in Los Angeles area?

The hardwood floors need to refinished, base boards missing in some rooms, paint throughout but major systems (heat/air/pluming/elect.) all in working order.She has already talked to the bank about a short sale and they have sent her an application, but they did not discuss a number and there is obviously no guarantee that the bank will accept the offer.   

(no garage) single story, lap siding, vinyl windows, laminate roof.We won't add the removal of any walls from the kitchen to the dining room (like we usually do) because this can vary depending on if it's a load bearing wall, if it has plumbing, electrical or heating to reroute, reconfigure or remove etc.

While water/sewer is easy to deal with, anytime you are paying for heat you are looking for trouble.

In the best neighborhood in Jersey City 07302.Features:Washer & Dryer in unit (with additional larger machines in building)Exposed brickControl your own heat Comes with AC units No dogs.DishwasherHard wood floors throughoutUtilities include - cold water Everything is new and up to dateWooden blinds on windowsSafe neighborhood with tons of restaurants and shops Recessed lighting throughoutUnit is located towards back of the building so no street noise over looking an urban jungle