From my understanding of this property, it is pretty turn key: 100% occupancy, near market rents, with the only value add potential being water bill back. 

@Vince Lucas oh I understand.

Thanks for correcting me, I'm wrong to my understanding too when I reread what I wrote.

I have been in over 300 Multis in Worcester in 2018 and have walked most of the neighborhoods so i have an understanding street by street what you are getting into. 

yes i was hoping so considering my view working from the servicing side for close to a decade, understanding most of the terms used, dealing with many pre-foreclosure homeowner often, etc.

My first thought was to get into real estate however, from what i understand most expenses with real estate have to be depreciated over time.

Your target from what I can tell is you are running a campaign for property management in Charlotte NC.Now firstly I don’t know your understanding of match types but I’m guessing you're going to try to use phrase match with these keywords.

Just trying to do my DD before jumping into a deal I don't fully understand how it works.

Not to be harsh, but the mere fact that you're asking the question tells me you have little understanding of what's involved logistically and financially.

Make sure you verify the labor and material costs you are paying, I mean absolutely sure because you really do want to understand his skin in the game.