I think the most I could possibly get monthly out of the property is 1000 based off of rentometer, zillow, and BP.

Like you said, probably not so easy here in MA but you did give me an idea about alternative uses...I typically focus on properties that I can make buildable by solving zoning issues, access issues or minor wetland issues.  

This concerns me about the potential to maintain a solid tenant base and would likely cause a higher vacancy factor.

I recommend selecting an investment city based on the following criteria.Key Criteria for Choosing an Investment CityRents Must Outpace InflationFinancial freedom depends on rental income growing faster than inflation.

This method provides an indication of value based on the property's rents.

The structure is mainly appreciation-based, which minimizes tenant and maintenance risk. 

The company is based out of Sicklerville, NJ but also works in Philadelphia, where he was born and raised. 

Based on your estimated monthly "passive income" of $2,532 that you'd pay an investor, I'm estimating the investor would contribute around $380,000 to the acquisition, is this correct?

Plus, you get huge appreciation here based on how many companies are moving and developing here! 

I was told initially that commercial deals(5 plus units) were based more off income property is producing than personal credit/finances but that's not entirely true.