With that in the consideration, I think you should talk to a lender and get a pre qualification where they can assess your finances, Debt to Income Ratio, credit score, and give you a true assessment of what you'd be able to get out of the loan.

Without know those details it's really hard to make a good assessment.

Bleach with water cleans up a lot.I'd get an assessment of the extent of the issue.   

Thank you for the feedback @Will Fraser,Feel free to let me know if this is not the etiquette (new to these boards), but how would you assess if it is a stable investment strategy?

Also you should know that they aren't townhouses, but condos, and subject to a Regime which means there could be a dreaded "special assessment" in the future.

Once you get those 4 done then you keep assessing on a tenant-by-tenant basis, based on their payments, who needs to go and who would be good to keep.

Still in progress Lessons learned?

I'm not alone in trying to get in the "path of progress" here though, as many other investors are flocking to Worcester.

Please feel free to reach out if you want to discuss your progress, etc.

@Anne Williams how are things progressing with this deal?