@Thomas CorleyI was giving the plan that we are prepared to stay in the SFH for 2 years to avoid cap. gains tax.

Hi Wade, I guess it will all depend on what you are looking to focus on, Cashflow, cap rates, appreciation… I do BRRRR and Cashflow in the the KC market so if you want to go into specifics PM and I’ll do my best to help you.

If you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

We decided it would be better to cap it off and go with a 3 zone ductless mini split to add home value and being able to list "heating & cooling" as a feature and command top rent for our area.The mini split option has some cons but is also way cheaper than replacing a boiler and it doing heating AND cooling is a nice benefit.

I'm really trying to make this deal work because it seems like a great price. 6% cap at current rents and 7% to 9% with rents adjusted to roughly market value.

The most basic numbers you should ever get too is with a rating system of A-D, for example have a cap-x % for "A" rated, a separate # for "B" rated and so on.

However, it sounds like it's fully functional and just missing some modern safety features.

This question is asked nearly every day, if you use the search feature you'll get some feedback.....you'll get all kinds of advice on thisBut since you're asking me right now, I'd say wait a while (6-12 months) and see what happens.

If you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

Take advantage of the networking opportunities and best wishes to you.I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides