In addition, bank deposits have increased, providing additional funds to lend.Bank lending is usually limited geographically to the footprint of the bank’s retail network as many banks prefer to lend only to those borrowers to whom they can provide additional banking services.

I've seen these types of business arrangements executed before whereby lawyers, therapists, barbers, CPA's, etc establish their businesses in "historical" districts (for lack of a better descriptive) and in some cases live in the same building or in the mother-in-law building out back.

The town that fits the description near me would be a West Hartford, CT type town.

Helps if someone should try to stiff you.Depending on your clientele, you might want to include a page with a description of the condition of the apartment and/or photos, and have them initial and date each item / photo at move in.

There is also the BAREIA meeting in Medford since you are interested in looking there too (Though just FYI the meetings won't be that geographically locked in, not sure if I have ever met someone in Medford there:) ).  

There is a wide variety of properties and geographic areas.

After some consideration we decided to mine historical MLS data based on:  A specific geographical area (shown below)A specific rental rate range: $1000/Mo. to $1400/MoA specific configuration: single family home, 2+ car garage, 3+ bedrooms, no pool and 1000+ SqFt of living space.Sold or rented between 1/1/2010 and 12/31/2015Below is a graph showing the average $/SqFt for conforming properties sold through the MLS during the 1/1/2010 and 12/31/2015 period.As you can see, sales appreciation has been significant since 2012.

(What wholesalers do but instead of saying I'm a wholesaler just give them a brief description of what wholesalers do so they understand what I do as a wholesaler since they are unaware of a "Wholesaler")

You may want to look into a 203k loan.This is a description of a conventional  FHA 203k but there are other kinds. 

Therefore, I am contemplating lowering my first bid based on the MLS description, it could be seen as a "misrepresentation" - what do I know...