I can't imagine it makes sense to tie into an old steam heat system that will likely need replacement in the next 5 years.Adding electric baseboard heaters might be the least expensive way to get a heat source into the rooms, but I'm worried that the high operating costs could be a turn off for renters and drive down what they'd be willing to pay.Has anyone else gone the electric route, and what was your experience like in terms of impact to your rental business?

Don’t buy anything for the next 25 years just to be safe

(Thank you in advance)Here's the violations list:CN062024Failed to maintain parapet wall in good repair and free from cracks and defects. (13-196-530 and 13-196-641)North and South parapets , spalled bricks and loose mortar with ajar mortar joints .CN063014Failed to maintain chimney in safe and sound working condition. (13-196-590, 13-196-530(b) and (c), 13-196-641)North chimney spalled bricks and loose mortar with ajar mortar joints .CN069014Failed to maintain foundation in sound condition and repair and so it adequately supports the building at all points. (13-196-530, 13-196-530(a), 13-196-641)Rear basement areaway , peeling masonry coating on foundation walls .CN070024Failed to repair or replace defective or missing members of porch system. (13-196-570, 13-196-641)Rear two story wood back porch requires replacement with plans and permits .

For more info, listen to the free BP podcast (on itunes) while driving or whenever you have quiet time.

In a few years rents will be higher and you’ll be making money on a safe easy to manage asset, with a very low interest mortgage that will disappear in several years. 

I do a lot of driving for dollars and cold calling homeowners (I'm headed out to lunch with a prospective seller here shortly). 

We have 2 properties nearby that are in a working class neighborhood, safe, and in a growing part of town.

It seems to be a safe start but is there something I need to know before I do it?

(thanksBrandon Turner) popped up and like most hour long drives home I listened to it, but this episode lit the fire.

How much equity should you have in an investment for it to be safe during a market downturn?