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I’d be cautious about assuming “no extension” means no structural risk. Once kitchens, bathrooms or flooring are stripped, previous alterations or damaged substrates may appear. That does not automatically justify a huge reserve, though. A defined provisional allowance for opening up selected...

Since future renting is part of the plan, request the current leasing provisions and read recent minutes for proposed changes, disputes or enforcement issues. Don’t assume a large apartment automatically has broad tenant demand; 2,100 sq ft may appeal to a narrower group, and higher energy use...

Ask for more than a closing statement. I would request three separate estimates: acquisition costs, annual ownership charges, and costs or taxes triggered by a future sale or inheritance. Also have each figure marked as fixed, percentage-based, or dependent on an assessed value. Otherwise a tidy...