I think it would need new kitchens, new bathrooms, central air installed, rewire electric, new plumbing for the bathrooms.

The property basically needs everything - new roof, electric, brick masonry for the structural wall, the upstairs has water damage everywhere with beams needing to be replaced and holes in the floors. 

That seems more related to electric and natural gas hook ups / charges, and not monthly submetered service.https://www.mass.gov/service-details/massachusetts...Call them and ask if you have concerns...I highly doubt you have to absorb monthly utility charges into the rent.

Are the utilities (water, electric, gas) all separately metered for every unit?

Makes for nice task lighting area by area, requiring no electrical.

It has its own gas, AC and electric utilities. - The rest of the house is a 2 family 3 bed 2 bath for each floor- B-/B neighborhood Numbers: here is the report that I ran through BP rental calculator.

The property is in poor condition needing major repairs (roof, siding, some plumbing, electrical, asbestos removal and much more).

We listed it for rent a week before last Monday...but had a false start...I need to put another $4,000 in electrical work into it before we list it again.

Can the usage of LEDs help reduce electricity bills?

But here's a rough idea of the basic steps involved and what it cost when I did it: STEPS:~ Drain the pool~ Remove pool equipment & cap off water lines~ Remove/cap off any unused electrical~ Knock down the edges around the pool and make holes in the bottom of the pool for drainage ~ Fill pool with "clean fill" material (i.e. soil, gravel, rock, sand, etc)~ Tamp the fill material as you put it in to compact it and reduce the chance of it settling over time once it's all fullCOSTS: (we did the labor ourselves so this is just for the material)~ $450 to buy a jackhammer to knock down the edges around the pool and also to make the holes in the bottom (we could have rented a jackhammer for cheaper but this way we own one and can use it on future jobs)~ $1600 for the fill dirt (it was a lot of dirt!)