Hi Nick F.Welcome to BP and nice forum reaction you´ve got going here!

The reactions are better in person.

2. before pics - couldn't help it, but I had some immediate visceral reactions.

We appraisers gauge those “collective” market actions using market evidence of buyer and seller reactions i.e. comparable sales, listings, offers to sell and buy, and, in cases where possible, the actual sale of the subject property.In the event that the home has sold within the past six months, and would " be the most relevant indicator of market value".  

I have spoke to many (investors, renters, and nonrenters)and I get mixed reaction.

It just is what it is.I disagree with always make an offer, unless you are new and then you can always use it for experience--having the guts to make the offer, seeing the reaction, overcoming some objections, etc.  

@Andre Smith my first reaction would be to forget about the townhomes: the units themselves are too small, and there's the HOA to consider, which can (and will!)

I mean, I honestly think that would be my reaction too (!)

My initial gut reaction is that I would take the 150,000 to make nine $15,000 down payments (20%) on $75,000 single family homes in places like Memphis, Detroit, Pittsburgh, Jacksonville, Indianapolis, Ohio, etc etc).  

When you think of property A, what is your first reaction?