So after 6 months, I had the property manager evict tenants, and they moved out...When I went to see home, (The home was Trashed, The furnace was stolen, and the water pipes Busted because no heat)  I took pics of home, but not the Trash...as I threw all trash in garage.I decided to cut my losses as this home was in South Bend, (Only one I had there), and I just sold the House As-Is for $6000 Cash...

oh and utilities from last year include 800 per month just to heat the building.  

Because if it's a one time leak and the it's fixed, the AC and heat would have dry out the carpet/board/ceiling/floor, correct?

Increasing Income:Adding carportsAdding laundry facilitiesOnsite storagePartnering with cable/ internet providers for revenue sharing opportunitiesImprove leasingCollect outstanding receivablesUpgrading the units and adding amenities to common areas will command higher rents, etc.Decreasing Expenses:Rebid all service contractsRebid insuranceAppeal taxesReview staffingPreventative maintenance where neededUpgrading heating and cooling systemsUpgrading lighting systemsAdding insulationThere are many ways to add value to a property, these are a just a few

Although that might not be as energy efficient as a brand new gas boiler, the heating bill will be lower than oil. 

It was during winter and was nice to save the loss of heat and be assured no one was able to get in. 

So far we haven't had any stolen and they seem to work well enough to heat/cool the entire apartment.

Building wise though if you lose a water heat or furnace/boiler it's a nice help.

Properties will look great in terms of cash flow after a renovation and few things are going wrong. 5 or 10 years down the road you start having problems with refrigerators, stoves, heat pumps, gutters, frozen pipes, dead beat tenants, and everything else in the world.

=)My current profession is in HVAC, (heating, ventilation, and air conditioning), along with a decent knowledge of electrical and plumbing.