Community is building resort style pool, gym and yoga center, hike and bike trails, dog park - all included in HOA fees which is not high.

@Laura WilliamsAny type of electric heat is expensive.

Also just started a flip outside of Richmond that should be ready in April and will post next year when that one is finished.Purchase Price- 3 bed 1 bath at $162,000Rehab- $+/- 7,000 (did all the work myself, design by my wife)Sale Price- $192,800Scope of work- Install cattle fence around 3 quarters of the property- 2.05 acres and fenced in run with chicken cooppaint every roomface framed the kitchen cabinets and painted two tone- Upper cabinets Cream/white  Lower cabinets Grayrecess lighting in kitchenadded new dishwasher (did not have one)moved the laundry room to better fit the kitchenrenovated the bathroom to include a window and concrete sinknew heat pump and furnace new wide updated trimpainted outside of the house and upgraded the landscaping 

My brother in law and sister are currently doing a live in flip in Charlotte where the numbers are crazy and I will say from their experience to be ready for anything and have adequate reserves on hand for issues that you need to prioritize for (I.e. in case an appliance goes out, heat/air go out, etc.).Not doing it personally like I said but from what I’ve seen it could for sure be overwhelming living around it so having that discussion with your girl beforehand as if the property needs considerable rehab you could both be relatively comfortable in part of the home if extensive rehab is required.

If I were to put a window AC or two in and a couple wall propane heaters on the walls, would a bank do a conventional loan for a regular buyer on something below $50,000 that doesn’t have central heating and cooling?

@Lee Underhill, I would simply require that the heat be operable at all times.

How to buffer your message and the other side's message when things get heated.

So now, it's winter break and I sent out an email to all (including parents), saying to be sure to leave the heat on 50 degrees while away, and that I would be going there to check the filter in the furnace.

Insurance of the two rental properties you'd plan on buying- Utilities and holding costs of the properties if not rented (like around here landlords have to pay water and trash and we have to keep heat and stuff on in winter to prevent pipes freezing and we have to keep AC on to prevent floors warping and such during summer)Those would equal the amount you need to be able to afford.

The fact that they are currently rented means that all major ticket items are in working order, IE heating, plumbing, electric.