As well, and assuming necessary, once done, you can advertise this upgrade and the positive resulting heating and cooling bills in future marketing when the need arises.For straight rentals (not a property sold via Lease Option, CFD, or other Owner Financing), I never pass large expenses on to my tenants (pretty much anything over $300, unless their fault), but assuming this is a defect or need that I did not see in my pre-purchase home inspection report, I will just deal with it out of my own pocket and earn a bit of positive "good landlord capital" in the process.Good luck with it!

I also prefer that the managers share the risk alongside me - via skin in the game and/or profiting only after I have my capital returned along with a preferred return before the manager/developer makes any profit. 

My name is Lisa and I'm new to the Bigger Pockets forums.

I have been reading books on REI and listening to Bigger Pockets webinars, forum and the Marketplace for the past year.

This would mean he would be making 1 million in loan payments and if that is true he would be making about the same for his pocket per month. 

Risk management is the name of the game.

I started my "professional" career in the insurance world as a property claims adjuster/estimator and know the game fairly well.

I never thought about saving first before investing  :/  Ironically enough I found "Building Wealth One House At A Time" on Amazon shortly after and had no idea it was also associated with Bigger Pockets.

If I do that, I would come out of pocket less due to refinancing LTV but monthly income would be about $300 a month less than if I keep it a duplex.

I see some people overpaying for properties in my area too but I chalk some of it up to someone inexperienced dying to just get into the game.