I get really uncomfortable over 1/2 mile away, but I'll push out to 12 months without hesitation - but this is where local knowledge comes in.  1/2 mile in one area might be fine, where in another it can be night and day.The final section is what's on the market now.

Ive noticed that every time I do something that makes me a little uncomfortable, the reward ends up being greater.. and if there is no reward.. well I've learned a lesson and I could move forward with that new knowledge and be a stronger and better investor for it. 

If you have a lawyer that routinely handles these types of lease negotiations, you should be fine without a broker, but one way or another, you need someone with insight into the current market for lease terms. 

(Source: Investopedia).As a former banker, we did these type of loans on a regular and routine basis.

Being a licensed Realtor, I feel confident in managing the leases and financials, but depending on the demand for routine repairs and maintenance, that may need to be outsourced which is why I tried to increase my repair budget.

(including everything mentioned above).Other: All units have been routinely occupied and the location is excellent.I plan on managing the property myself and living in one of the units, but may ultimately live elsewhere and use a management company.Thanks,Jakobe

I routinely make low offers for clients on investment properties, and it's very rare that anyone gets offended.

I would feel uncomfortable if they appraised under.. 

I believe the city of Allentown will require it anyway, but I have heard horror stories, fiction or non, about oil companies having the wrong address or doing a routine fill-up that was never canceled, and dumping gallons upon gallons in to basements with no tank. 

If you routinely find off market deals, there will be a lot of sellers that just won't agree to your price.