It also needs some electrical and plumbing work.

We had to replace 8 furnaces, a couple roofs, and a  ton of plumbing and electrical. 

Avoid taking on properties that need plumbing or electrical updates since those require permits and licenses and in my experience ALWAYS run over budget.

I would be so worried about foundational or plumbing issues. 

If electric and plumbing are already in place it's totally worth it, plus its 1200 sq. '.

She’s already done repairs to the ceiling and plumbing but It does need a rehab to the interior of the house.

You can rectify shoddy carpentry or shoddy plumbing without having to pay an arm and leg to contractors.

> Generally, what are the requirements to install individual water meters in an apartment.As long as there is an individual pipe to each apartment, the plumbing part is pretty simple: you cut about 6" of pipe out, install the fittings for the meter, install the meter, and install a wire jumper around the meter (in case the electrical service is grounded to the water pipe).It helps if the meter is somewhere that somebody can read it each month. 

I was initially quoted 250k to get the whole building in high end rentable order, but we don’t want to borrow so much extra money so now the quote is 150k for the whole building including full electrical and plumbing and new floors on the top two levels (the current floors are old cracked laminated tile on a plywood sub floor that is leaning into the center of the building).

I rehabbed it as time permitted, but when I move out making it a rental everything had been redone except the big items (foundation, roof, heater, plumbing (except we did the sewer), and electrical).