Wondering if This House is a Practical Project

We have been looking at houses, hoping to find something which makes a good bit of sense for the plan that we have. Our idea is that we want to find something that we can fix up and turn a profit on. Of course we figure that most of the profit is going to come from the benefit of not paying a rent check that is never going to be seen again. You want to gather equity in your home. Right now we are pricing out the costs of HVAC services in Manhattan, NY. That is the big question with this house that we found. It has a somewhat functional air conditioning unit, but it does not inspire a lot of confidence and we are guessing that it is going to be much more costly to operate than it should be. The thing runs constantly, even though it was not particularly warm on the day that we looked at the place. It also makes this weird sound, and although I am not an expert I would assume that the compressor is about to give out on it.

Of course we know that the cost of replacement is going to be very high. The system itself is going to be expensive and you are going to have to pay for it to be installed. I certainly do not know how to do something like that myself and it would be hopeless for me to try. Of course it would also be rather dangerous, given that you have to work with rather high voltages when you connect the system to the electrical system of the house. We love the location of the house or else we would not even be considering it. For me this place would be in walking distance of my office.