When temperatures drop to a point where the heat pump can no longer do its job (i.e. somewhere below -13F to -20F) - perhaps even prior to that point when COP factor on the heat pump drops below a pre-determined threshold - the existing furnace would fire as the stage 2 heat source.If your oil furnaces are much more than 20-years old, their efficiency will likely be less than 75%.  

@Mike M.I live in Bellevue (hotter market as compared to neighboring Seattle market).

ONE, it would be my first REI deal, TWO, analysis paralysis, THREE, its a fairly rural community,FOUR, no comparable properties anywhere around to get a property value.

The place I am planning on marketing to is primarily owner occupied, as the town is currently catching up in appreciation compared to the rest of the area.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Let's compare a simple wholesaler's deal to to the same deal as an exchangor:ARV is 200k,Repairs are 30k,As is value 150k,Purchase price is 70% of ARV minus repairs and 10k assignment fee so 100k.Wholesaler assigns contact and makes 10k..love it.Exchangor has same house worth 150k(as is value) that he/she owes 100k(contract price).

And make sure you create a video of the property to show the condition prior to renting!

One of the biggest mistakes I have seen less experienced investors do when choosing their first one or two flips is thinking they can save a lot of money by doing a lot of the repair or upgrading working on their own compared with paying a licensed contractor to do the work and mainly because a person doing the work themselves are not as experienced at doing good quality work and frequently will take a lot, a lot, a lot longer to get the work done and if you are financing your deal they you will end up paying a lot more in finance interest and still maybe end up with marginal instead of good quality work and you are only delaying the date for flipping , reselling, or being able to get a property rented.

THe tenants admitted disposing paper towels into the toilet when cleaning 2 days prior.