Without getting into the merits of if he's actually interested in selling, the price seems to be a good deal on the surface, but I was curious if anyone had any information about the market in the Northbridge area. 

These surfaces, if they contain lead need to be abated because they're surfaces that children can access or put their mouth on. 

Excuse me for sounding rude Steve McRory - I was asking cause I see these offerings from mortgage brokers but it also seems, on the surface, to be too good to be true.

I am in no way advocating that people need or should sell their rentals its a personal decision on my part. at one time I wanted to own 5,000 doors and had things gone a little different I might have actually got there.Now other opportunities have surfaced over the last 5 to 6 years that are more fun for me.Also my kids Grand kids have no real interest in landlording.. and I have invested in path of progress dirt in some stratic areas that will more than take care of their future schooling and other needs and if one comes in .. they will actually probably be set for life with no work on their part.. just sell to a big developer and call it a day.. those kind of deals have about ZERO interest to most on BP who are cash flow driven or think or want ONLY cash flow.. so no need to even go down that road.I do believe and have seen over the years that 75 to 80% LTV if you have to liquidate is really no equity at all.. given sales costs buyer credits home inspections that require work up dating and recapture..

I've done surface level analysis on properties in quite a few different regions, including Chicago suburbs, southwestern Michigan, and Colorado Springs. 

Where do I find cheapest Solid Surface material and install in Atlanta Georgia area?

Sometimes work done by a seller perfuming the pig for a quick sale is shoddy or very surface level, and they'll be gone by the time the problems surface.  

Waiting until the problem has surfaced can crush you quickly.

I'm sure the $$ numbers work...as stupid as it seems on the surface....I have no doubt that this will work out financially.

On the surface, it seems like the deal is too small and your investors don’t want to tie up a portion of their capital.