East Boston / Chelsea

[Mark D.]

I currently have a couple buy and hold rental properties in the North Shore of Boston. However I'm thinking it might be a good time to buy and hold in East Boston (eagle hill) or even Chelsea. 

The thing is that I've never bought a property that needs a lot of work. For example roofs, heating, kitchen etc. In this are of the city given the age of most of these homes. What should I be budgeting per unit. I would like to find a 3 family. I'm self employed so I can watch over the project b/c I have the time and flexibility in my schedule.

Has anyone invested in Chelsea? Is there a demand there for rentals? 

Any help would be greatly appreciated!