Improve building heating/cooling and electrical systems.

Top tier agents are making out substantially better in the new system.

One time (the $100k) time, we found that the sewer line from a 32 unit apartment building actually just dumped into the creek and was never hooked up to the city sewer system which ended a few blocks away.  

Mainly because home inspectors already have tools and systems for quickly generating thorough inspection reports to help you negotiate credits, concessions, and/or price reductions. 

Improve building heating/cooling and electrical systems.

Capex is usually lower, around 2-5%, since major replacements like roofs or HVAC systems are far off.

That's good, at least you understand the system.

With most hard money lenders - you will need funds to start the renovations - since they work on a draw system.

Quote from @Laura Stayton: Quote from @Karl Kauper: For a 3-bed, 2-bath house in Sutton, MA (good school system), if I screen very carefully (high credit score, work history, no evictions, etc.), please describe for me the worst-case scenario for an eviction process if the tenant refuses to leave at the end of a lease term (assuming I do everything properly according to MA laws)?

I really do appreciate all of the comments folks have made and it’s clear that they have systems in place and I hope that knowledge will aid me in my endeavor.