And replacing all appliances- Renovate the bathroom with new tiling, etc as neededEntire house needs (not urgent besides the windows + meters/heating):- Replace concrete panel siding and brick veneer- Replace railings on the front balcony and stairs- Bigger project: Convert the ground floor garage into a living space for the first unit (who should I contact for help with this?)

.)- Condition of house and property (have the systems such as Roof, Plumbing, Heating, Electrical been updated) - claims history of the property- age of the buildingI would suggest seeking out an independent agent that can quote multiple markets.  

They were unable to use the stove or the heat in the apartment for about 2 weeks.

Violations of code, like not having GFCI outlets on plug ins near the sinks, tubs or showers, not having licensed professionals do work on electrical, plumbing or heating. 

Can save you from buying a deal like this OR be a great negotiation tactic.Yes, every time....I would still contact the seller and put some heat on them....you never know what might happen.

Heat pumps that allow for AC yada yada  If the electric is already separated would an improvement lower the tenants costs and therefore allow you a better rent.Low flow toilets, shower heads etc.

Do you have a boiler or forced air heat?

If they leave during the winter holidays they are not to turn their heat off (as some like to do to save $$) or the cost of repairing frozen pipes will be on them when they return.

I never had any electric heater before. i am worried the electric bill will be too high compare to gas heater and that will make the people not willing to rent it especially we are living in IL and we need the heat constantly more than half of the year if not more.

I like the property for this use or personal, so I'm not sure how I want to proceed.Property Type: 2 bedroom, block to the beach, condo w/ association fees (they allow STRs)Sale Price: 275,000Loan: 10% down conventional, 3.5% over 30 yearsCash Invest: $61,250 (assuming $27,500 down, plus closing costs, plus 20-30k rehab to spruce up for us or short term rental)Expeted Income: $3500 per month (obviously summer is busiest, AirDNA thinks 48k annually (4000 per month is expected), trying to be conservativePITI: $1,735 per monthAll Expenses (CAPEX, maintenance, stocked goods, heating, electric, internet, water/sewer, HOA, city fees): $1,265 per monthCash Flow: ~$500 per monthCOCR: 9.8%Obviously my primary concern is making sure I'm not outrageous on my rental figures, and want to know if I've accurarely covered typical expenses on a shore AirBNB property.