You have to get it out where there's some air circulation. 

I have found that a garage with 60 amps means someone could hook up an air compressor in the garage and have a wood shop.

Small cost to pay as a preventative measure.As a last point, I would include in Fred's calculations above the cost of acquisition.

In some instances, where there are distinct internal features such as trompe l'oeil or elaborate mouldings you may be required to maintain them - which ties your hands and greatly increases the cost of insulating and air sealing the building envelope.

I am a 33yo residential/ light commercial hvac mechanic/ installer who has installed all types of equipment From:(ALL BRANDS UP 5 TON)-Air handlers-Heat pumps-AC unit-Furnace-Coils-Heat water coils-Minisplits- Aquatherm-hot water heatersLooking for a seasoned real estate investor who will take me under thier wing and teach me hands on real estate investments I work for a huge HVAC company here in Richmond who does all type of projects I also have done projects for Habitat for Humanity so I am familiar with the Energy Star programI can offer you HVAC installation at a discounted rate and I have good credit as wellAlso I have been studying real estate investment for some time now I definitely want to get involved with flips and eventually buy-and-hold dealsIf you're interested in doing business with me I can be reached at graysppatgmail thank you hope to hear from you soon

Here is the best part: New York City evictions, due to anti-landlord policymakers and judges, can take as long as 60-90 days to process, meaning that fines could be anywhere between $70 & $100K...To prevent that from happening we have implemented a zero tolerance policy across our entire portfolio and have been forced to take a MUCH more hands-on approach to managing our buildings, including: Monitoring Airbnb, VRBO, Homeaway and other sites SEVERAL times a day.Periodically knocking on doors of tenants we suspect are illegally subletting.Removing locks/installing keyless entryAmmending leases to allow for impromptu inspections/termination clauses.Has anyone else out there in NYC or SF encountered this issue?

I understand the land trust part, that makes sense to prevent them from accelerating the loan. 

It has to be inspected (permits) as well as have your whole air system pressurized to make sure it is not losing too much air.

We paid full price for it which wasn't ideal, but my wife became pretty emotionally attached to it and it is in a good location for a family home, great area etc ( but I know I didn't get a great deal on price)Unfortunately or fortunately, I am being transferred to the UK at short notice,and my long term plans for the house are up in the air.

So I'm trying to learn from experienced investors what you think is a reasonable cash cushion for liftoff to prevent a quick crash due to untimely repair needs before monthly cash flow builds up a maint fund.