I would raise the only tenants who i think qualify as good tenants up 50 bucks to 475 for their one bedroom and clean everyone else out and re-rent it at a more appropriate rate.

Quality good work costs good money and If all you want to pay is peanuts then all your going to get is monkeys 

Even if you are able to do some unit upgrades, if the tenants aren't quality they could end up ruining the interior rehab shortly after completed.

B and higher assets didn't cf enough so weren't on my radar.12 or so years later, I won't pass up a good cf deal, but can 'rationalize' purchasing higher quality assets with shorter mortgage terms for the equity capture and eventual high IRR. 

Investment quality compared to Worcester, MA, Lowell, Ma, and other parts of RI?

Buy gas at Costco as seem good quality and lowest price around.

For some context, we charge 25%, but handle everything a normal PM handles, plus all the guest related issues, and cleaning.

You cannot assume that all the people in it all have clean hands and clean hearts and nothing but honorable intentions.

From the pictures, all the equipment has been ripped out and looks like a "clean slate" inside.

@Mike Hoherchak in my opinion if you are buying a quality asset that cashflows and can provide moderate to strong returns you are in great shape.