At my old job we worked on steam systems that were so old they were converted from coal to oil to gas and still ran pretty well with no leaks.Usually what kills a steam boiler is dry firing, running without any water in it and that can be caused by something as simple as a clogged return and low water cut off that isnt functioning right.

The sheets are overpriced, subject to pilling and take forever to dry.

cash out refi in excess of basis was one of the big things that created the last Bust O in 08. no one had skin in the game.. the cash out was suppose to go to reserves  well in many instances it went to Hawaii or the carib or into the driveway in the way of a new jet ski or RV..

In most cases it will be 20%-25% down payment as it will not be your primary home (5% down) & they want some skin in the game.

Then I was tipped off to a city service called Landlord Mitigation Fund where, if you're housing a Section 8 tenant and they leave you high and dry like this, you can submit proof and they'll issue you a check.

There are many ways to skin this cat.

First, the margins are too thin, second, unless the tenant had some serious skin in the game (meaning heavy security deposit), it's pretty risky for the owner.   

It will be miniscule compared to the neighborhood price comps, versus the skin of your house.As to appraisal or resale value, maybe a bit more just for the fact of having some fresh updates. 

You may also want to consider bringing 10% of purchase as well to give them a comfort level with your skin in the game But find an attorney, make sure they have drafted these docs before and pay for them. 

forcing an easement is a pretty difficult thing to do its not cut and dry by any means and you for sure can landlock a property absolutly. there was a incredible 80 acre parcel I was trying to buy in Southern Lake co  just over the Napa county line .