If the exterior looks good, the walls, flooring, countertops, electrical and plumbing look, as yours most likely do, recently replaced or repaired, then you have done what you can to ensure your maximum return.

I always make sure that properties that I look at have separate electric and water meters.

I am currently working on my electrical journeyman license for MA and have been working in the trade for 9 years in the Boston area looking to learn as much as I can.

Welcome Jake, knowledge is power and you will by making mistakes and listening to others stories about their mistakes.  

The space has central air and electric but the previous owner did not put in plumbing.

I ask a number of questions like what is space rent, what are other expenses like garbage, water, and electricity.

Each unit has its own electric ht/hw, so tenants pay their own utilities.

I was given an estimate of repairs for $35 to $40k for total rehab. it needs roof & everything else like hvac, bring plumbing & electrical up to code, kitchen cabinets, appliances, floors, paint, etc.

For example, things like a source of heat (furnace) in the wintertime, a working water heater, working plumbing/electrical systems, etc.

Hi All,I am here, as most of you are, because I am aware how powerful RE Investing can be for wealth creation.