The courts substantially relaxed the reliance element over the years, allowing most investors to make out a case simply by pointing to statements that could be deemed false and misleading because they omit additional facts necessary to make the statements true. 

I think each of these is not a habitability issue that absolutely must be fixed, like no heat, etc.

If the current owner doesn't have leases, in my experience, run for the hills.Expenses:Next you want to figure out what you could net from those rents by figuring out your expenses:-Insurance-Utilities (if the tenants don't pay their own)    - electric    - water/sewer    - heat -Taxes-I'd factor in a percentage of the gross rents for maintenance depending on the condition of the property:   -when the roof was last done   -water heater   -boiler   -when the property was built-Management (if you aren't going to do this yourself)Debt Payment:After determining your Gross Rent and subtracting your expenses you will have your Net Operating Income or NOI, but if you hold a mortgage there is one more expense you will need to subtract, your payment.NOI - Mortgage Payment = Annual Cash FlowDivide that number by twelve to get your monthly cash flow.I hope this helps.

. #1 deal go wrong your the baddest person in the world,then the heated conversation plus lost of possible friendship #2 But if it goes through everyone do the money dance right ?

She will pay extra money for heat, but what are my rights in general in this situation? 

Central heat and air conditioner.

I just found out it doesn't include heat last week when the tenant brought it up.

Hi everyone and thank in advance for answering this question.So I purchased a C-Class property in Tulsa, OK with an window unit that included AC & heat.

We have also replaced two of the four heat/air conditioner units.

Plus they do heat too!