The property has no central heat or air just window units.

Keep in mind that this is generally the goal of the buyer and seller as well...A lot of times, in the heat of negotiations, buyers and sellers will get stubborn and dig in their heels out of principal.

yes I understand there are too many variables and its difficult to detail in forum; initially I thought of taking full dry walls out and do the complete renovation; afterwards realized I may not need to take all walls at all; but still need full HVAC duct work and need to take the existing one out as it is not placed right; and need to add heat system on the same A/c duct work (basically central heat and A/c with 4-zone system); kitchen needs to be redone completely, take out existing put the new one with Gas stove (currently it is electric stove); 2 bathrooms full renovation; apart from that full floor (around 1700 sqft; in that 800 is in basement floor), window replacements (around 9 double hung window and 1 bay window); all interior doors needs to be replaced, new insulation, drywall and veneer plaster; but no wall move or anything (just take the existing one and replace); still it is significant work.

I have been watching the market and it looks very over heated here with properties going up in price and getting snagged in bidding wars.

Include heat as part of the rent to max your savings.Paul

If people are expecting for you to pay their electrical and heat.

Freshly painted, free washer and drier, high ceilings, nice ss appliances, central heat and a/c, also a private rooftop deck.If there's one "downside" there's a pool in the backyard and there's only street parking.Rent is $1500 which is about average for a 3 bedroom in an apartment building let alone a spacious house.I've listed it on craigslist and have had at least 20 calls and over a dozen showings.

:)Before anything else you must first FIND WHERE YOUR BUYERS ARE BUYING.1.Pick a county you are interested in targeting.2.Google “xxxxx county heat map” and select the search result from trulia.com to view the map of the county you want to target.

Tara welcome to BPoff thread topic for a second: go Miami Heat

I have a similar 1926 Spanish bungalow in LA (3bed 2 bath, 1300sqft, single level), that i just rebuilt completely, so here's my 2 cents1. with plumbing and sewer, make sure that you insect and assess the main drain line form house to street sewer - in houses of that age, they are cast iron and are often buried under a concrete driveway. if it needs to be replaced, make sure re-pavement of driveway is accounted for2. houses of that age have often started as 2bed 1bath and then somewhere along the way been converted to say 3/2 - mine was in the 70's. ask whoever inspecting the foundation to pay attention to the way it's laid out - variation in crawl-space hight, floor joists and different materials used for pillars that house sits on could point to an addition. flat roof over one of the bedrooms or bathrooms in an otherwise house with an attic is another sign it's been added. either way, check with the city that those additions are legal/permitted3. termite damage and dry rot in California and Arizona is a given - in any house, especially that old. as you walk around the rooms, stop in each corner of every room and jump up a few times - if the floor is soft and even a sign of weakness, i bet you you'll have to re-drywall, remove subfloor and repair floor joists in at lest half of that room. just a simple "poking wood for termites" test from the crawl space often misses that. i like my jumping test as well5. size and age of electrical panel - yes, but also age of main electrical wire runs is important. those are usually suspended in crawl spaces or laying on top of ceiling joists in the attic. old wire should be replaced as it's a potential fire-hazard surrounded by all the old fluffy insulation that's in old attics - speaking of fluffy insulation, i hear in some cases it could contain asbestos, so wouldn't hurt to checkfyi, just installed central air in my house and my best estimate - had 7 total - came through Costco at just under $7000 for a 3-ton Lennox system (heat and cool), all new ductwork, permit and inspections. curious as to what your HVAC bid was