Full disclosure my company is one of the larger property managers in the area but there are a few others that I have had positive experiences with that can share for your research if you would like.The best strategy will be the one that matches your skill level, resources and tolerance for risk.

I stand by what I said, and will not sink to your level.  

Also, show me a multi-family investment with out problem tenants at every level.

My rule of thumb at this level is 1.

So with all this talk about cap ex I was wondering what you thought about using wear resistant materials in rehabs. my business model is to by extremely distressed and do full rehabs.

My high level thoughts on the rental market in New Bedford (where the property is I'm reviewing) would be that most tenants are probably more suited to a monthly agreement, as you say - better for the flexibility for both parties.

There is a mix of sod and drought resistant landscaping.

The licensing div. of your State should have some input and the ability to effect some level of response.  

Greetings All:I have an opportunity to purchase a former one level 28,000sf school (one level) block built in 2 phases.

If you weren't clear on your finishes, he may be assuming a much lower level of quality than you were.