Still decent enough areas with pretty low prices compared to what people are paying for rent in those areas.I just picked up some vacant land on Granby Street in Waterbury to build some multi family units down the road when time and money allow. 

How does this current deal compare to the last few you've done?

Thank-you @Joe Fairless - good point on asking the property manager and didn't think about comparing it with market rents.

Compare the legal descriptions in each.If he owned the other lot, and if it was covered in the mortgage, but not in the foreclosure docs, then whoever did the foreclosure will go back and correct their mistake.If it was not included in the mortgage, then the mortgagee cannot foreclose it and you can try to make a deal with the previous owner or back out of the deal.Gursel

Just seemed unneccessary, since what is important to prospective tenants is how your place looks compared to its competition, not how it looked before.

Is this property in an area that has comparable homes or is this one of the larger houses?

You are not required to explain it to them or discuss it.TREC 535.16(c):(c) A real estate licensee is obligated to provide a broker price opinion or comparative market analysis on a property when negotiating a listing or o?

That meant the underlying mortgage was receiving advanced funds from another lender and that's a pretty secure position to be compared to an individual.A snap shot of called notes won't give you much but a warm fuzzy feeling.

While we always do that as a part of a specific property's due diligence we will add that to our third level research.I really like your idea of comparing maps with the different local pros, including the police.

I also agree with the others, that the rent seems very high compared to what you are likely to actually get.