The old one runs on oil and heats the house and the hot water.It seems like high oil prices are here to stay.

I'm not sure if he means well or just hiding something.The upside: rent increase. value goes up based on rent multiple.The downside: fixed cost to convert (fire stairs in the front), +1kitchen/+1bath, moving water pipes, gas lines, time - can't kick people out and say "hey, im going to cut your apt in half" - need to be done when people mov out gradually, variable expense (heating oil/water bill/repairs), insurance, etc.I need to obviously run the numbers but what are your thoughts?

A remodel 3-2 chk a/c ,heat, plumbing ,electric,walls ,drywall, ceiling popcorn knockdown ,$$$ windows,doors, garage door,interior & exterior paint ,molding, fascia ,roof, landscaping, pool, pool-heater, sprinkler system, well,septic or city,appliances, trash, demolition, duct work, termites, floor, MTG & ins, ...what will you do what will you hire out .

From listening the the BP Podcasts (Currently up to show 27) one of the hardest things for investors to find is a good and honest contractor... hoping my construction experience can bring a needed element to the table.

"The fireplace backs up" - is this a common chimney for fireplace and heating?

I'm interested in it because once the housing market heats up the land has good potential.

I assume tenants pay for their own heat?

Ice and heat put stress on them and thye tend to crack.This may be the only problem you have but need more pictures really.

If during this reply they don’t receive basic information such as: number of bedrooms, bathrooms, garage, central heat and air you should ask them.

The houses that I have dealt with in the past that have needed central heat and air cost me anywhere between $4,500 - $5,000 and that is for 1500-2000 sq ft.