Could possibly get for $80k and be all-in after rehab at $9-10k per unit (all 2BR), with mthly rents of $500-550/unit, and tenants paying gas/heat/electric.

Although it does get heated, at the end of the day the banter is considered fun.

These units are dated with radiated heating.

Concierge lounge, private resturant and bar, balacony with an airconditioned solarium to stay out of the heat.

I did go to technical college for Heating & Cooling and I'm currently working fulltime for a pretty good company here in KC.

Pardon my ignorance, but why not leave the house heat on at 55 degrees?

Takes some playing with the hot water heater to get this into that range; I always try to take the reading just after the hot water heater has turned off from a heating cycle, since that is when the water has been heated to the thermostat setting.Sorry that I don't have much else to suggest on this; I suspect at some point you will end up evicting this tenant.

tom, i was at that house a few months ago if you rembmer..i can send picsi f anyone is interested..when i was there,the house was in rent ready condition minus ac/heat i believe...i called some for rent signs around the area...650/month is definltey doable--not sure why its not rented out, other than the fact that most property managers don't do a decent job bc they get more money just receiving applicatino fees than actually getting the 10% of rents

What expected ROI would you want/expect on the following situation...as-repaired value est: $220,000cost of repairs: $22,000 (includes contractor costs)Other expenses: $18,200 (Marketing costs, escrow, mtg)Repairs needed are only big ticket items like whole new kitchen, A/C heating, hot water heater, toilets, etc.Estimated market is declining at a 7.1% annual rate.

They get loose, resistance increase, the resistance causes heating and that causes fires.