In general, government will set the assessed value lower than market value at reassessment in order to neutralize appeals.

I am guessing his hands are tied as Norada is simply the marketing company and I am guessing no operational control of Wagner.

Try networking locally with HML's who know the market. 

Lenders do not look at your personal income or debt and will use the current market rent or lease (up to 120% if the lease is significantly higher than market rent or vice versa) as qualifying income.

Just be sure to account for the upfront costs, ongoing maintenance, and market demand to make sure the numbers work for you.Good luck with your decision, and feel free to share updates as you move forward!

If you like where you live, I would explore investing in a cheaper out-of-state market. 

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

I see off market properties weekly, talk to investors both new and seasoned daily and I am actively buying myself.

The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts. 

Tremont is an excellent area with really high market rents and super high demand.  5000+ sq ft. is huge too, congratulations!