Thanks for the response Dennis!

@Caleb Heimsoth, @Omar Khan, @Andrew Herrig - Thank you each for your responses!

Could deter new tenants in the future.2) The boiler needs servicing and looks heavily worn/rusted, all pipe elbows are significantly corroded on exterior.3) Metering will make it easier to survey usage and determine equitable rent adjustments.So...best to "save" $200 per month in utilities, paying itself off in the long run (i.e. 50 months)?

I plan on doing the property management activities, with the rationale that it's a small condo where my responsibilities are limited.   

@Becca Summers @Blair Poelman Thanks for your responses.

On average, if you have pretty responsible tenants, you may not even have to do plumbing works for months.

seems high from JUST closing cost perspective on buyer or seller side (escrow+attorney+survey+prorated tax+ doc)... but again it could be very low depending on how the closing cost is being constructed (may be point or cost from both side etc) ..if you can give a breakout /pic of the closing statement then i can help 

We have a responsibility and obligation to create he world that we want to live in.

I’ve spent the last half a year reading the books, scanning through all of your posts and thoughtful responses, and listening to way too many podcasts.

These days, state laws hold landlord responsible for renting to sex offenders and criminals, and I'm not sure how my insurance company would handle it if one of your subtenants, a known child molester, molested a neighbor's kid.