A tenant that keeps the place clean and has low maintenance can be incredibly valuable and cuts your repair and vacancy costs down quite a bit.Good luck hope it works out well for you

If you know your comps well you can use the individual complexes’ websites to check their rates, but those can vary widely in accuracy.

But surely you will only do it eyes wide open...with a background screen of some sort, not just believing what you are told.

Negative cashflow of $850 a month is way to high unless you believe future appreciation to be incredible.

These roofs are 3/4 inch thick , 6in wide planks .

The chances of the tenant actually suing are incredibly thin.  

@Dolly La SalleI think, personally, it’s incredibly important to look at future assumptions and understand the risk/return.For historical data look to operating statements for specific properties.

It can also be brutal, and put incredible strain on your marriage.

I am incredibly interested in ways to create financing.

Alternatively, if you're willing to expand your market to 20+ miles outside of Boston but still along the trains, there are many MFs that will meet your requirements such as Brockton and Tauton that is not incredibly far from Boston center but have a nicer price tag attached to them.