I spent a year in Boston, Somerville actually, within a block of the red line.

If we were to actually gut and remodel, we'd probably end up breaking even.I think this would work well in a higher end complex (walk to lifts, nicer amenities, etc.), where it is naturally attracting a crowd looking for luxury.

If allowed by your lender (if one is involved), figure out the estimate of damages and have the title company place it in an escrow account pending the damage to be fully repaired (would suggest holding a bit more than the actual estimate to cover the unforseen).  

I'd suggest getting as much financial details from the owner and actually researching to ensure that what you are being provided by the seller makes sense.  

In CA, you're required to send the tenant the actual receipts justifying the expenses, not just estimates.

Wanted to survey all the multifamily managers out there and ask them how much of the actual unit turnover costs do you deduct from the tenant security deposit?

-Quit a bit actually: Dyn is in Manchester- Deka, (which is biotech), Oracle has a large office in Burlington MA, and Siemens as well, just to name a few -Burlington is about a 35-40 minute drive from Nashua.

I actually look at people who admit felonies more over liars with evictions!    

Let the PM find potential tenants, fill out the application and do all the paperwork, but you do the actual tenant screening.

I can't speak for anyone else but me, but I would be lenient.I didn't have properties during Sandy so I can't actually say for sure what I would do, but I think it's just the right thing to do.Maybe a one month leniency?