Supply in my market is very low.

There is still the issue on cost/benefit and required ongoing costs to buy and supply salt.

Be extra careful with the sizing of the existing plant before you ever consider a conversion like this.Tankless electric heaters need  high current circuits.Tankless gas heaters need larger, higher load gas supply, chimney and venting systems.The project will not be a simple plug and play.

This property will need a total rehab because of the fire, smoke, and water damage. 

Hell Ryan, I like your last name by the way, lolAs far I as I know the proper way to run wire is to fish it through the walls, maybe if your handy you can see what a electrician would charge just to run the wires if you supply the material ( make sure you have what's needed ) then you can install the fixtures and outlets.

You will have the following expenses even before you buy that first house.Computer for your officePrinter for your OfficePhone system in placeGas tracking expense while checking out propertiesMileage tracking Phone expenses for business calls related to finding propertiesEducational courses and books to help you learn the businessOffice Supplies, and this is just a start.  

Another general question :)For those that have serious wholesale businesses, in your opinion what percent of money do you spend for all your expenses, marketing, selling, equipment, office supplies, gas etc. etc., not including taxes.So if you do 20 deals at $5,000 profit each on average and make $100,000 in one year then xx% would go towards expenses.

The policy covers only legal liability for damages to the landlord’s property (covered losses include fire, smoke, explosion, water damage, backup or overflow of sewer, drain or sump, falling objects, riot, or civil commotion) up to $100,000.So when that tenants overflows the tub and nukes 3 bathrooms below it with water damage, that get's covered under their Tenant Liability Insurance to repair said damages.

Takashi I am a NEW Zealander who has invested in New Zealand for many years and I also supply investment properties to overseas clients in America.

Now real estate tends to lag behind oil about a year so its possible these prices come down a bit as the supply goes up from people leaving.