@Derek Diamond the difference is roughly $300 a year @John Mocker I am currently tracking down the bylaws and thanks for the information.

(example leases are signed at 600 a month but many tenants are moving as a foreclosure down the street that was just remodeled and bought at a low cost is renting for 540 a month with everything newer).Do not pay based on potential.Let the seller do the work if they want the potential price.They want to sell a pile of crap but get diamonds for the property (not going to happen).Just be careful especially with additions not being permitted.

My favorite one is the Black Diamond meeting in Waltham (2nd location in Worcester).  

@Sharad M.Looks like some of the properties I find down here in Memphis TN, and turn into Diamonds in the Rough!!

You have to dig out the piles of coal and throw them to the side to find the occasional diamonds.

I'm looking at the diamond farming probate kit from Gary Degrazio.

Can you find diamonds in the rough?

Black Diamond is a free local event, and the purpose is to network and share information, with the end goal of doing more deals.

Although California is now a feeding frenzy of buyers, you may still find a diamond in the rough.

See link below to my previous post.http://www.biggerpockets.com/forums/517/topics/88361-advanced-massachusetts-landlord-strategies---next-worcester-meeting-of-black-diamond