Investigate the Legal Regulations – Visit the city/county office and inquire the zoning verification.

This is a highly regulated business. 

I live in the Oregon wine country and think it is perfect environment for this concept.  

I consider it was an extraordinary experience in terms of learning but essentially on profits made in a pro business environment country with solid and clear laws, both for tenants and landlord.

To add to issues for context, Home also has blown water main, no installed water pressure regulator, and lots of plumbing issues.

I did some searching online, but I can't seem to get 100% clarity on this, does anyone know if there is a government regulated standard efficiency rating for new furnaces in Illinois (i.e. 80% / 90%)?     

PA regulates the title insurance rates:  http://www.anytimeestimate.com/PA_TITLE_INSURANCE/...Thank you, @Ray Peslar, for making me aware of that.Thanks,Chaz

Getting tenants out in NYC is NO SMALL task, since the building is rent regulated.

You may want to start by finding out which SEC or intrastate regulation your firm uses to structure their projects.

If you're going to invest in any heavily populated area, pay for a consultation on landlord-tenant regulations if you're looking to keep and rent.