Being new construction… mechanics liens may come into play here.

Also ask if they owe any previous contractors money and make sure that there are no mechanics liens on the property when doing your due dilligence.

I say that because if you are looking in B areas the properties and mechanicals are probably newer and/or in better shape.

(Roof, mechanicals, etc.) $33k may sound like a decent deal now but if your long-term renter decides to change her mind you may have a $15,000 rehab to do before you can rent it out again...and if the water heater or furnace goes out at the same time...ouch.

Domestic hot water, and; Electricity adequate for lighting and any mechanical equipment within the home.

Even if these numbers are solid (I think you're missing landscaping/snow removal, maintenance, and CapEx might be low, especially with some old mechanicals), your COC ROI is $850/$59,000 = 1.4%.I would hold out for a better deal, or offer much lower than the asking price, especially on you first deal.

I know there is a chat mechanism within the site.  

I put steam in for years it is one of the most efficient systems you could usedo some homework before you go tearing something outit sounds to me it has suffered from alack of maintenance, those boilers need to be blown down daily and the system needs to be checked weeklyfor the problems of rooms not acclimatizing that is a control issue, valves sticking and old style thermostatssince you are in new Hampshire you should find you a good ol steam plumber in your areadon't just call any company to come out- do some research and find a apt building or the city or county building and find out who maintains there systemsthere are very few younger steam fitters anymore who know the mechanics of steam heating, if your system is set up right your steam is also making your domestic hot water so tearing it out might put you in a position you are now wiring for water heatersenjoy

We have been doing this for 35 years so what we're doing something a little bit unique selling the property fully rehabbed with new mechanicals, fully upgraded kitchen w/ granite tops and fully upgraded bathrooms w/ ceramic tiles and putting a quality tenant and the selling the house as an investment we manage the property for three years and we warranty the house for a year houses and guarantee 8% minimum for 3 yrs for around 95k u getting 1k in rent and taxes and insurance around $2500 so around 10% per year.

I'm a Project Manager / Mechanical Engineer so hopefully could offer some type of organizational skillset to a mentor relationship.