Or maybe it's fully occupied, well maintained, professionally and competently managed, totally turn-key, the easiest and most passive that an apartment building could ever possibly be.

If the costs exceed $200k for the total project, could you do renovate one unit at a time?

To see for yourself, just go online to the clerk’s site, Official Records, look at any random deed transfer recording....the price is shown and the doc stamps $ amount charged is printed on the deed in the upper right hand corner....you do the math......it is $0.70/$100. 

Is that $80K total or for a down payment. 

And what you said makes total sense.

Totally agree with conducting due diligence on any investment property no matter where and who you are purchasing them from. 

The purchase decision only requires online thorough research, then try to buy in a 401k/ira so you don't have to pay taxes on the Dividends which can be large.

I have done my research online and it doesn't seem like the strongest market (population is stagnant, crime rate is not the best, job industry isn't very strong) but I know personal accounts are important as well. 

I am totally done with rentals in MA.

I did one last year 2' in 500sf basement total cost 17k, I subbed out all the work as a GC.