Estimated monthly expenses:Moorage (rates vary)Electric (rates vary depending on usage)Propane for heat & cooking = $10 - $30Fuel (rates vary depending on usage)Estimated annual expenses:Insurance (rates vary) $100+ per yearHaul out and bottom paint every 1-2 years = $2000 Replace zincs, dive service hull cleaning every 4-6 months = $150-$600Engine maintenance, tune up, oil change = apx $400 (rates vary, required services vary)Registration tabs = $80 - $140Let me know if you need anything else!

What is the useful life of your heating system, and should you change it (for example, converting from oil to gas)?

I checked cook county assessor and treasurer's websites and it's odd enough that the PIN was classified as multi unit (code 211)  and then got changed to single family less than 999 sq (202) around 2019.My questions are:1.

Something else we discovered during our purchase inspection was the property had an "abandoned" chimney that was once used in the kitchen (we think) for cooking.

We have oil, hot water cast iron radiators.

The side of real estate i'm really interested in is rental income properties, passive income would go nicely with what I currently do for work and would be nice to own a handful of units to sit on and possibly become a full time landlord overtime(I know, its always too good to be true.)However, the issue is that there's really no good multi-family properties around me for sale(I live in the chicago land/cook county for reference).

Hello BP Family,I have a potential house-hack deal cooking.

I work in the oil fields and if I were to lose my job, I would be house poor unless I rented out the the second bedroom.

I currently own zero homes but I am cooking up this crazy plan.. and I need to know if it is actually crazy or a viable option, or to hear an entirely different perspective. 

Well at least if you talk to an attorney, make sure you get one that handles security deposit issues all the time in Cook County.