If you have to, draw a 0.5 mile radius from the subject property and go back no more than 6 months.

@Austin Purnell,Tenants are required to have 3x income/rent.. so if the house is $1K, they must make at least $3K per month... so  no more than 33% of their money should go to pay for rent.    

I'm no real estate lawyer, and I have no moral issue with what you're trying to do, but this sounds like a pretty clear cut case of brokering real estate. 

Ideally, I am looking for a property within an hour drive of Boston and no more than about 325k, with places near the commuter rail being very attractive.

It cost me $100/month from April to Oct or Nov, and several hundred between Spring and Fall cleanup, so for about $1,200/year, the property has the well manicured look as the rest of the neighborhood, and now have no more neighbors mumbling that absentee landlord ruining the neighborhood.

LOL if so then know you are not alone.My general recommendation for beginner investors is to invest somewhere that's no more than 2 hours away from you, whether driving or flying.

During that time, there were so many auctions that I have to limit myself to no more than one or two a week.I wrote an answer recently on another thread that goes more into this:  REO propertiesI stopped going to court house step auctions where bank always show up and bid on the their REO property.

Series XX, CFA, CIPM ect. 2) This most likely won't be terribly earth shifting in terms of RE syndication since the subset of folks who work in finance and already aren't accredited is pretty small.This entire post is the result of no more than 15 minutes on google and to much coffee, so give it as much credence as you normally do things you read from random people you've never met on the internet.

Second, if comps are $50 lower then amend your offer to no more than market value.

I should add that I'm looking for deals where I can be all-in at no more than 70% ARV.This way I'm able to refinance my initial capital back out once it's fully rehabbed/rented.Which markets have inventory of distressed/undervalued/under-performing multifamily assets?