If on the 15th, your previous tenant owes rent from the 1st to the 15th. 

I gave a lot of leeway to this contractor since he did successfully complete a previous rehab for me.

Because the previous landlord filed for eviction, she is continuing the process and the court date is mar 6.

The property was previously on a managed rental program and when I take over my wife and I are going to take over the management.  

I am currently looking at a few houses near a university or college with the likelihood of the tenants being college students. 

We took over the property in February and the tenant told us the previous owner / property management company took very long to fix issues she had in the past.

If the furnace had some specialized function, such as in a climate controlled self storage facility, then it could be a 5 year asset. 

Also, I wonder how many times the owner could have pulled out "tax-free" cash and made other investments or sent their kids to college. 

The owners are transferring the previous security deposit over to the new tenants without even going over damages.

Because of the large amount of educational institutions and white-collar professions available in Boston, compounded with a mostly reliable MBTA system, you'll see these attractive tenants having no problem living in areas that will previous C-areas provided that their units are in good shape.