My friend asked me to reach out because the contractors he has now are doing a terrible job and don't have the proper permits to finish the job.

I was a newbie, I did not know how to screen or evict tenants properly, and my tax returns showed loss after depreciation. 

IMO and experience the 50% rule is overly conservative - - I use 30% of GSI as a boundary to determine if the property is being managed properly - - lower indicates inaccurate data and higher indicates obsolete fixtures and equipment.

Second this post is not in the proper forum.

It's a credit union perched just on the edge of crazy downtown proper, so if you're headed into SLC and need to grab some cash, it's easy to do on the way in.

@David Tipton  you are absolutely correct on the single member LLC. vis a vi the corp veil.. one reason to have proper G L insurance.. on my 27 homes subdivision I am building in Portland right now.... it cost me 40k for  1 million in coverage for the 10 year warrenty period. and we bought that basically only for cost of defense.I am just about out of the land lording game.. and can only go on my 30 plus years of owning the dog gone things.. and I have never been sued by a tenant. 

The heater is already installed, just not properly.

Also check with local laws to make sure you are following properly to legally wholesale.

Local properties have land but solely for farming purposes...so getting a proper gauge for pricing will be a bit difficult.

I can understand it being too hot in your unit as boiler heat systems are notorious for having imbalanced heating when they are not properly operated.