So it might be true that the seller has those estimates for the years they have owned.Now the buildings at 16 years old the A/C units, heaters, plumbing, roofs, windows will start having issues and your repairs will be much greater over the years compared to the seller who bought brand new or fairly new.

On all the major brands you can call the 1-800 # before getting it and tell them what you are trying to do and they will tell you if there product works and how to apply it.

Some brands today will have what is called a concentric kit and this is an all in one which will mean most of the time it can exit right through the old exhaust penetration through the roof, or it will mean just one hole would be needed to be made through the side of the house.I agree that most companies will charge a bit more for 90% furnaces as the bigger brands will charge more for the units and the labor is a little bit tougher.

I am a brand new member and first time post.

The way you described your kitchen; it sounds to me like it still looks brand new.

Completely renovated means, Brand new kitchen with new cabinetry/countertops, tile, & stainless steel appliances. 3 full baths completely renovated with new tile and new vanities.

You have found a hell of a resource for sharing your knowledge and building your brand.

I bought one as a primary residence and it had brand new carpet, freshly painted, move-in ready and I was under contract day 6 on the market with substantial upfront equity that will come in handy this summer when I hit the 2 year occupancy point.

There are threads on theFastlaneForum.com with specifics of all of my deals, but here is a quick highlight of the current state of my apartment deal (I will be starting another thread because I have a question on how others might address the basement renovation financing situation with the property): Purchase: $210,000 (REO); 2-units rehabbed and updated by the bank, garden unit not yet finished but the framing is completeDown 3.5%: $5,000 Earnest, $900 at closing (seller covered $7,500 in closing costs, also used to buy the FHA rate down to 3.25%)Capex: ~$8,000 (Updated door hardware, amp service from 100 to 200, coin-op laundry machines, etc)Location: 1 block from Brown Line in Chicago (great) on the North SideComps: Property across the street, similar layout sold for $300,000 in March (had slightly nicer finishes, unfinished garden unit)Rent Roll: Unit 2 - $1,300 with parking (3 bed, 1 bath...currently under market since rented November 1st) Unit 1 - $1,100 (live in 2 bed, rent one room at $550 and currently use one parking space worth $150/mo, renting out beginning next month) Garden - $950 (2 bed, proforma for rehab; will cost $15,000-20,000 to rehab) Laundry - $30/moNOI @ 45% (brand new water heaters, furnaces, appliances, etc): $17,030PF Basement Reno NOI @ 45%: $23,430As-Is Cap: 7.8% (yuck!)

My name is Dan and I am a brand new member as well as brand new to real estate investing.