Many HVAC professionals really push installing a second furnace in larger gut rehabs that have ducting or other issues in the field.

I guess the only real answer is to try it out for yourself to find out the truth.Expanded answers by @Alexander Felice as well as @Spencer Corneliawould be interesting...For instance, what is working well for people that Alexander knows, and what issues/difficulties Spencer is running into.

I know that Chicago has it's fair share of economic and political issues, but it's also a big City with a lot of positive aspects. 

If using a lender this is a non issue.

If you are managing, I'd just issue notice that there is new ownership and management. 

I think at least raise the concern, and it will at least get the idea in their Head you know of the issues, $50k is no small amount, no matter the size of the deal.

I originally was looking for the mythical 'structurally sound but killer deal because it has some broken windows and  hasn't been remodeled since the 1940s' type of place, but I've since lowered my standards to include properties with major foundation issues and the like.

(Before the auction)Location: Bayou City Event Center 9401 Knight Road, Houston, TX 77045The Harris County Engineering Department and City of Houston Floodplain Management Office will be offering a short presentation to assist bidders in understanding potential issues with sites located within the floodplain.If you are unsure of the potential challenges that go along with purchasing property in the floodplain, come to this informative session to get answers.The presentation will be followed by a Question and Answer period.Topics include: How to Determine the Floodplain Status of a PropertyWhat Jurisdiction the Property Lies WithinFloodplain Management Rules for Unincorporated Harris County

If the $9k is your actual free cash, that's still not a lot, particularly for any future issues.

My issue was you essentially said "what if the market crashes and you lose you tenants and  you lose your job all at the same time."