Maybe new heat, new hot water tanks.  

Tucson is wonderful (except the heat) but there are a lot of areas of town with serious drug/ gang / theft problems, and the rents usually reflect that!

In my last duplex, when the larger unit's heat pump and blower went to crap, I replaced both the blower and outside unit for under $5000 (and with great equipment).That said, it may not hurt you to spend the $600 or whatever it is for the home warranty YoY, if you want a little extra peace of mind and can afford it, since you're fairly sure things are going to need replacement soon.

They'll give you the charges for the last year.The listing mentions that the owner pays "common area gas heat," but you don't have an expense for that.What about management?

Roughly 1300 sq ft of living and rest was a heated shop.

That being said if you’re responsible for the heating and air conditioning and those look older it might be worth it to have a HVAC person take a look at them.

I then suggested he at least speak to the association’s legal council.

The large drops in vacancy rates in these metro areas indicates a potential for more multi-family investments also if vacancy rates keep falling in the coming months: Birmingham-Hoover, AL (12.3%), San Antonio-New Braunfels, TX (7.2%), Pittsburgh, PA (6.7%), and Kansas City, MO-KS (7.3%).Vacancy rates are nearing or around 7 percent and are higher compared to one year ago in several “hot” metro areas, indicating a maturing of the investment cycle in these markets given the current level of demand: Dallas-Fort Worth-Arlington, TX (7.1%), Austin-Round Rock, TX (7.1%), Miami-Fort Lauderdale-West Palm Beach, FL (7.1%), Washington-Arlington-Alexandria, DC-MD-VA-WV (6.7%), and Raleigh, NC (7.3%).Vacancy rates are above 10 percent in these areas and were higher compared to the levels on year ago, indicating low potential for multi-family investment given the current pace of demand: Albany-Schenectady-Troy (10.3%), Greensboro-High Point, NC (10.5%), Tulsa, OK (8.1%), Little Rock-North Little Rock-Conway, AR (11.5%), Toledo, OH (12.6%), Dayton, OH (12.7%) and Oklahoma City (13.1%).

Centrally located in the heart of Miami, on the edge of the affluent Coral Gables neighborhood.

The numbers look great and it's in a solid location but the one thing I am not familiar with is it uses oil heat (my current multi is gas).Is there a lot more work dealing with tenants and oil heat and are tenants less likely to want to rent units with the added cost of oil and the hastle of having it filled?