Still, you may try evaluating a different east coast market and seeing if you're liking more of what you see down here compared to NYC/Newark.

I am a real estate broker, builder and lender, if you need any feedback evaluating any of your future projects, don't hesitate to reach out.

I was paid a rather large sum to “teach” Peerstreet finance people commercial loan evaluation and investment.

Consistent with our strategy to identify and break ground on multiple sites, we continue to evaluate other locations in Arizona, California, New Mexico and Texas.

I would be shocked if you evaluated this property honestly if it would be a high choice for a rental. 

I am looking for guidance and tips on what metrics to evaluate when offering and negotiating a purchase. 

When I was evaluating this purchase there was a duplex across the street for sale (about $600k).

I’ll definitely keep this in mind as I evaluate my options moving forward. 

The risk profile for someone who's a local GC and has worked on structural rehab buying a portfolio in a building is quite a bit different.Also, situations like this where professionals can properly evaluate risk and bring in capital to solve the problem of said older folks is a way to earn income and make a positive impact (assuming you're not low balling the distressed, fixed income seller).

So, you should go on site to evaluate and I would negotiate in person and try to settle everything.