@Joe NormanThank you so much, I will be looking into those areas.

It's certainly possible, but maybe start with something less labor-intensive.

@Joe SplitrockI own a triplex next to another triplex.

@Kyle OwenIn a seller's market, getting a seller to accept a rehab loan offer can be difficult combined with the fact that construction labor/materials has increased, but it doesn't make your idea impossible ... just more difficult. 

@Joe Splitrock yes I have it in my lease“Any change in occupancy will require written consent of the landlord and may be subject to an adjustment in the amount of rent”Yes to how you laid it out on late payments Roxana, ILThank you for the time and feedback, always appreciate your insight

@Joe S.

And if I can suggest a book for anybody just starting in commercial multi-family, read the Best Ever Apartment Syndication Book by Joe Fairless.

Joe

He said cost for boiler and labor, as well as the updating of some parts related to boiler would be $3700. ( second estimate was similar)Second floor boiler (hot water not steam baseboard) is newer and looks good, however there is a cracked radiator in Living room that needs to be replaced.

Material costs are similar across the world (the labor costs fluctuate dramatically) so knowing what a rehab will cost within 20% is realistic.  2.