Even in this heated up market, deals are out there.

The Kokomo market is heating up.

And try to make it a positive part of renting the property; we have radiant heat and I do NOT miss the dry air that comes with forced air.

Roof is alright for now, but it needs many of the other major updates like siding, multiple heating units, pex piping throughout and many other areas. 

They said It turns on and produces some heat but not enough to actually cook anything.

If you break down the box (heating or AC) there are several 'modules' that go into it.

If i put 4 water heaters in a 4-plex, then the tenants can pay for the cost of heating the water, but I have to pay for 4 heaters and worry about capex on 4 heaters.

I cleaned it up, installed a new heating system, and sold it for about 50% more than I paid for it after holding for a few years. 

It sat empty for two months and we had to heat it, plow snow for showings, etc...  

The weather can play havoc on your property in cold winter areas.You need to make sure the property has been winterized by having the heating,water heater,pipes,rain gutters,and the like are serviced for winter and fully inspected.Make sure you have a snow removal plan in place like the tenant has to do it or you pay someone to do it on a regular basis.