I started working the Worcester area for my 9-5 and I too have been paying attention to the movement in Worcester.

This is important!! New York State assembly is attempting to further restrict the rights of landlords in the state. This legislation, if passed, would become one of the most extreme rent control and regulation bill in...

Even if you have all the money in the world it won't mean anything if you are physically, and mentally ill and unable to enjoy that money.If you only take away 1 piece of advice from this post it is that nothing needs your attention at 3am.

For the style of complex, care, attention and luxury I consider it an incredible value.

Pay special attention to stress testing the financials, what is it's break even analysis?

Also, pay close attention to maintenance and repair costs charged by the management companies.

That and having stressful full time jobs have prevented us from fully looking at the situation, however, this has now my complete and full attention. 

If you can bundle several small deals together, it may get one bank's attention better, but it may have no impact on other banks -- it's a matter of preference.

Either way, I will for sure pay attention to the 2% rule.

BTW, that's probably not enough if you're asking him to put $150k+ on the line.A better approach may be for you to start bringing fully vetted deals to you uncle's attention.