Keep in mind too that even if a furnace goes out, the house isn't going to drop down to zero immediately.

So we have a 2 piece toilet - it is one of those water saver ones and we hate it!

The house was built in 1990 and even though I have never upgraded the HVAC unit or water heater, they have been serviced and still going strong, no issues with this blizzard either.I will take my chances.

We upgrade insulation, remove furnace, gas hot water tank, gas oven/range, and baseboard pipes then install electric base board heaters, ranges, and water tanks.

There was a pipe that burst which flooded the unit with 3-4" of water.

60% is if landlord pays the water, gas , electric etc.If you the landlord do not pay any of that and it is direct billed from the electric company to the tenant on separate meters then I use 50% expenses.You have when purchasing IMMEDIATE CAPEX and ONGOING CAPEX.

If it start to dry inbetween spray it with some water to keep it moist, it help with the process.

They are highly dependent on demand and from what you've described I wouldn't expect a lot of demand in that format of renting.If this were on the water in Marco Island FL, then you'd probably be booked all year at $6K+ per week...doesn't sound like that's the case though.

When they brought this to my attention they told me water would leak from the ground every time there was heavy rain.

Do whatever you can to get them their investment back, before someone makes a complaint to the SEC, because you are in some very dicey waters.