What does the heating / cooling system look like?

Looking at purchasing a property that is a double duplex - 4 units, however the suites are not legal - electrical/heating is shared between the two units in each duplex, etc. 

Very often the wiring, plumbing and heating is mixed between multiple units.

Well, a large snake slithered into the dryer through the outside vent, and the heat cooked the poor fellow and ruined the dryer.A year later, rinse, lather, and repeat.  

@DeWitt GibsonAttempting to syndicate or crowdfund has become easier than ever; successfully crowdfunding or syndicating is much much more difficult.The lines between crowdfunding and syndicating are now very thin so that each contains elements of the other, a successful syndication will have an online aspect with many similarities to a crowdfunded project.For a successful capital raise in real estate, the following are essential1- A verifiable track record of success by the sponsor2- A professionally prepared Private Placement Memorandum, Subscription Agreement and Operating Agreement3- Compliance with Reg D 506 b or 506 c, Reg A or Reg A+, or Intrastate fully compliant offering4- A large majority of ownership interest and benefits going to the capital investors5- A no felony background check of the sponsor6- Specific identified properties that will be acquired7- A relatively small percentage of invested capital going for fees, costs and sponsor”s “promote”.8- A professional online “platform” with all compliant security measures9- A minimum projected return to investors commensurate with the risk 10 - Return of capital plus a minimum of profit to investors before sponsors get their cut11- A quality dealI have successfully completed over 200 syndications, each between $400,000 to $4,750,000.I have examined thousands of other sponsors offerings.

This is the exact strategy my wife and I used for our first and currently only investment property, except ours is 4 hours away in the same stateProperty management is up to you depending on how passive you want it, I’m currently self managing from home and have a great cleaning/rental turning company, handy man, a heating and cooling guy, plumber to cal, etc. no different than owning a personal home really.

Heat pumps are better than resistance heating but still more the gas for heat.

What happens when you get a tenant that likes fresh air and leaves the windows open, but also likes the place warm and cranks the heat to 80*? 

Which I would never do unless it was in a very covert way since discriminations is not allowed based on family status.Case in point #2: House that is 2.9x bigger will be 3x more expensive to carpet, heat, cool, clean, roof, etc. 

I understand that appreciation is an important element for some investors, but I also see the annual ROI in both of these examples as being atttactive regardless of appreciation (if my calculations are correct).you are double counting the down payment(?)