My commute is increasing from 5 to 7 minutes with all the newcomers.

High turnover and they'll tear the property up.One final point, the houses tend to be older so once you pull a permit your usually doing a lot of extra work .

Unless you have a contract provision that permits you to back out if you cannot wholesale the property, then you are committed to buy it.

@Nick Foster you should also look into the permitting process.

Then you have the possibility that a conversion was done without permits & that opens another realm of frustration & significant expense.

Here are the specs:2 bd/ 1 bth1,050 sq ft$143,000 asking price$70,000 repairs$300,000 ARVThis deal comes with pre-approved build plans and permits which will add square footage to make this a 3/2.

(a) No owner, tenant or other person or legal entity in charge or possession of the property shall create, permit or allow a public nuisance to exist upon such property.Check with your city's code enforcement department to see if they have a similar language, or suggest some other resolution to the issue. 

Hi All,I recently put an offer on a home in the Greater Boston area and found out that there's work done in the basement which did not have a permit (in law with bathroom and kitchen). 

It is a more complicated process than Nye and building permit and inspections are required.

These are older homes (pre 1970) so you can eliminate the lead paint issue by only working on post 1978 construction (this eliminates a good chunk of your options).Based on what I have observed in the business, most rehabs are not tested for lead or asbestos and most do not pull permits.