Needs: New roof; possible foundation work (needs engineers report); possible plumbing work (old copper pipes); possible HVAC (has gas central heat and window ACs, would need central air, but seller may be in the process of updating) complete indoor rehab including floors; counters; light fixtures, refinishing cabinets; painting or otherwise fixing wood paneling.

It makes adding central heat and air pay for itself in a few years.

I have even seen thermostats that can be controlled remotely so to keep tabs on the AC/Heat.

$174 isn't much to handle all these plus a positive cash flow.Also how many years is the heat cost based off of?

Also if the property is older, masonry construction, central heating and/or hot water it can go higher too.

With the market heating up, I'm expecting the ARV to come in closer to $100k if I'm being realistic.Are my numbers reasonable?

If the floors are cold they turn up the heat.

Had to bring pots over to heat water on the stove!!

Huh.When I called to get an average of utilities from the energy company (WE Energies - Wisconsin) I found out that the average heat/ electric for the lower was double that of the upper - the lower had an older woman, the upper a family.

Elizabeth. thanks for the input, I am looking around to get a more accurate insurance quote for the building.The $1,500 (estimate) is per year for insurance.The utility is for all units, Owner pays the heat, water, and common areas.