If it does include that - I would use that valuation.There are multiple methods the IRS allows you to allocate the purchase price between building and land.

I attend it myself, and have met some quality people who have helped me out significantly!

For their first purchase my clients wanted a safe "turnkey deal" the next project they are looking at will be a value add where can input the BRRR method and be on a path to building a large portfolio of rental properties. 

Foreclosures are going to owner occupants before it's open to investors, or they get bid up.No matter what route you go, you've got to creative, and the tried and true old school methods still work.

We use actual bids from contractors and our own estimates of interior rehab.We did call and visit some of the apartments in our rent comps to see what are our competitors were doing in terms of unit quality and rents offering.  

., I think you nailed it: the TENANT BASE in Boston has low expectations, so even low quality buildings fetch great returns.

Definitely quality answers from reputable people, but the one thing that wasn’t mentioned and I think is crucial with regard to aspect of time, is sourcing assets.

Long story short, I paid off the loans with the lines of credit, which I continue to utilize over and over again for the same purposes I've spelled out for you.There are other methods and if you'd like to message me feel more than free to do so!

Otherwise, you should be able to go up to 10 loans through conventional methods.

What is the most conservative methods for tapping into the equity and slowly building my property portfolio.