I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

Obviously every situation is unique it's on you to check with your intermediary and lender to determine what price range would be realistic to start looking for deals in before it closes so you are ready to roll. 

But those folks were in way worse situations than you are..  

For clients who purchase fixer-uppers, we can renovate the property to their exact specifications.

- Usually a 5 unit with a boiler means that all the units share the boiler heating system.Which specific utilities in which units are paid by tenants vs shared?

Hey Alyssa,I’m in a similar situation—I live in California and invest out of state.

That's a bit different than this situation, but just wanted to share.

Are there specific market indicators or property traits I should be paying attention to?

I would be glad to kick her out if she doesn’t follow lease and liesHey Mak, this is a tricky situation.

I’ve never had this specific issue but mistakes like this are pretty common.