Are there any value add opportunities such as individually metering each unit, for water and/ or electricity, so the tenants pay these expenses and not the landlord, or is the property already individually metered?

The lot is serviced by municipal water and sewer, and electric is on the road.  

@Justin Fox new flooring new, new carpets, paint, some new drywall, cleaned the bathrooms up, added a porch door/walkout in the master..

Primarily, assisting with turning rental properties (I would like to be the point man for scheduling and setting up painting, carpet cleaning, minor repairs, etc.).

Then clean and poly...

Not only will you save money but you will gain an understanding of the work that goes into a flip so that as you develop your team and systems later, you'll know which jobs you'll want to keep doing (if any) and which parts you want to hire out.As an example, I typically do the initial clean out and removal of old light fixtures and appliances so I can get a good feel for what all the house needs. 

I always make sure that properties that I look at have separate electric and water meters.

I am currently working on my electrical journeyman license for MA and have been working in the trade for 9 years in the Boston area looking to learn as much as I can.

The space has central air and electric but the previous owner did not put in plumbing.

This seems to be fairly standard by property managers when they are giving up on your property; stuff the landlord with some ridiculous quite and hope they go away.Find out what the problems are and start getting real quotes.Carpet, you were onto a loser in the first place, but don't underestimate how good a professional carpet cleaning company can be.