Quote from @Ben Fernandez: Make the offer that suits your assessments.

It would be a good idea to assess your tolerance to risk and then plan something like that, but using a heloc is going to be around 9-11% in this market so to pay something off with lower interest rate to borrow more might not make much sense.

I will say anyone offering this should be giving you all the pros and risks of the flint marketplace.

I found my second phone on Facebook Marketplace pretty cheaply for $60.

Also , I would love to connect with any agents who specialize in STR market in Boston Mass area. airdna is pretty accurate . lenders use it to assess rental comps for short terms rentals when financing a short term rental  I use it for DSCR loans as well; it is accurate yet conservative because it gives you the median 50 percentile for the area based on comps.

Although they are two different types of investments we consider both from a risk assessment.  

@zach lemaster with R2R continues to reach out to assess the situation as well as work with us to strategize for subsequent properties.

My guess is after they bought the parcels they only had one of them assessed in their name, but I'm new to this and am not sure.I haven't spoken with the developer yet.

Is that a far assessment? 

As agents, what are your current and projected concerns in the market place?