I posted about this experience recently: https://www.biggerpockets.com/blogs/8160/71180-we-...With a master metered property, you have a few options: (1) you become responsible for the water bill and include a flat fee in the rent (2) sub-meter the property so each unit is on their own meter, making the tenant responsible (typically VERY expensive) or (3) implement Ratio Utility Billing System (RUBS), this is where you are still responsible fo the water bill but through a formula and spreadsheet bill back the tenants their fair share.

A client of mine owns them all and wants to sell them off in one deal, so I'm just trying to come up with a fair price.

The Nest is pretty simple and you have to tie it to an email address but the factory reset and setup is fairly easy to do. 

When real estate is distributed from an IRA to the IRA account holder, the property is assigned in the IRA holder's name, but before that can be done, the IRA custodian will need to know the fair market value (FMV) of the property so that the correct amount of taxes is paid on the distribution.Unfortunately the RA participant cannot purchase the property from the IRA as this would result in a prohibited transaction.

I am Realtor, fairly new to the industry.

Other significant update items are outside the building...paving / curb appeal.If I can position a Master Lease (with ultimate purchase price (so really Master Lease / Option),  the flexibility that provides could allow me to pay a little more; however, even without putting initial money up for the purchase I will be investing rehab / re-position monies.So my question:  is this fairly standard with a Master Lease? 

I'd highly recommend choosing a part of town that is fairly close to your residence as you'll be making a lot of trips. 

I have a fairly decent job and I own a rental property that helps supplement income also.

I have a fairly decent job and I own a rental property that helps supplement income also.

These are all significantly below fair market rent.