Which means the heating is most likely one single furnace (oil, electric) in the basement that feeds all the apartments and unfortunately because you can not determine what apartment uses more heat than the owner is stuck with the bill monthly which can throw all your numbers for a loop.

Plumbing, electrical, foundation, paint in and out, and resell owner finance.

I graduated from the University of Massachusetts - Amherst in 2010 with a degree in Electrical Engineering and Engineering Management.

The property had the electrical & copper  stolen last month while property was listed for sale (prior to my purchase).  

So now that the gas, electric and water have been turned on, the demo can start. 

I think I might have been to vague with my explanation. we talked about the fact that he's getting board with being a landlord, and he's on to note selling and buying, this process he's actually helping me out "or so it seems" until further noticeI've ran the numbers with a partner of mines and it comes out to be a great deal especially due to the fact I'm not putting any money out of pocket, and I'm getting the 4 % 30 year (at least i think) Account Closed where we have it writing up and with the current occupancy, its cash flows 2200 monthly - 714 mortgage 400 month electric, 40 a month water. and 1900 taxes a year.  

If she had propane and the furnace was broken , the stove top or oven would provide heat ( my electric was off this week thats what we did turned on the stove) .  

OK - so, you mean to tell me that you would trade $30,000 in exchange for $5,000 which may happen (of the roof doesn't leak, units don't get trashed, tenants don't skip in the night, main water line doesn't freeze, bed-bugs aren't brought in, and a million other things..)  

Technically a person could learn anything on the internet, HVAC, plumbing, electrical,... brain surgery for that matter....but the benefit of having a teacher/mentor is invaluable. 

But like I said, bank is willing to pay for this inspection and probably all inspections.Tenants pay own utilities which is all electric, heat, everything.