Good bones but hasn't been updated on the inside since the 70's or 80's.

It was a highly distressed property, but it had good bones and hell of a potential to be great.

Be sure to run your numbers forwards, backwards and sideways and account for things such as higher property taxes for non-owner occupied properties, try to know as much as you can about future plans for the area to know what is coming down the pipe, look for a house with great 'bones' such as roof, siding, foundation, mechanicals and plumbing to avoid some of the major fixes off the bat and don't neglect starting with a cash reserve in case something goes wrong soon after acquiring the property. 

It seemed the bones of the home were good and the challenges we would face in remodeling would be achievable.  

Removed and examed all the insulation finding it bone dry with zero evidence of any damage, no midlew down there. 

That's a bit crass way of looking at it but that's the bare bones of the business.

I’ve got a couple of single family homes in the Worcester area and looking to expand but my current property management company is pretty bare bones and I’m feeling like I have to micromanage my management company.

Since they wouldn't be involved in the transaction, you may want to throw them a bone.

Setup expenses includes furniture, appliances, cookware, repair services, and some supplies such as soaps, toilet paper, tissue paper, etc. 

It’s a 1930s build in a sweet rocking area of town, good bones, nearly turn key and “100%” occupancy.