You can get that return in the stock market and the stock market doesn't call you that the heat isn't hot enough or that there is a leaky faucet.

The good thing with 4 separate furnaces is that I could pass the heating cost to the individual tenant's.  

 "7 units, $5,350 gross income, $64,200 ttl ann inc, $10,300 ttl ann exp, $45,800 net op inc, All with individual heating units and are in good condition.

The electric furnace is not adequately heating a condo unit of less than 1000sf.

Also, downstairs is heated via gas fireplace and the central air is controlled in the upper unit.

@Bill Gulley out of your 21,000 post this is one the better ones  very succinct. there was a heated thread on wholesaling... and I get that many of these wholesalers want to make far more than traditional RE commission would pay on low value assets..

Inserting a short length of cast iron pipe and heating with a torch would soften the packing so it can be packed deeper with a blunt chisel and hammer.

We've had a pretty heated text exchange today where he's showing his true colors.  

A lot of buildings in Chicago are quite old, which is not necessarily a bad thing, but be on the lookout for things such as knob and tube electrical wiring, radiant heat, and the possibility of asbestos tiles particularly in the basement.

Anyone have experience converting a property with individual gas heat to a central electrical HVAC facility?