I did some research and sounds like it might just be the heating elements?

Purchase price: $65,000 Cash invested: $10,000 single family built in 1952 all brick 3 bedrooms 1bathroom .21 acre +-hardwood floors heating and air conditioning no garage What made you interested in investing in this type of deal?

Property owners typically cover water and sometimes heat.

In case it's helpful, the property is a SFH row home in Philly, approx. 1200 sq ft.I don't have much experience with the heating / HVAC repairs so appreciate any guidance.

Purchase price: $137,887 Cash invested: $30,000 Sale price: $201,000 3/2 1650 heated sq feet.All brick in great neighborhood How did you finance this deal?

There may be other costs like heat if they aren't separate & lawn care/plowing which could eat into your cf. 

@Terrez JarrettHere's a case study for you.We bought an 2 bedroom/1 bath half-duplex SFR with central heating and air in November two years ago for $25,000 cash in the greater Pittsburgh market. 

Its heating up again though. 

( there Is no oil In the house, It Is natural gas heatIng)Thanks CtNy Ma

Let's go with the following rehab cost assumptions for simplicity purposes: Plumbing: $2,000Electrical: $2,000Big Ticket Item (Heating System / Roof Replace): $7,500Flooring: $4,000Cabinets/Counter-tops: $2,000Paint: $4,000Walls: $500Landscaping: $1,000Appliances: $2,000Total Rehab: $25,000Even with other holding costs, let's go with the assumption that you're all in at $30,000.