Best bet is to carefully analyze the zoning maps and regulations or just call the town and ask.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

On utilities, I bought a foreclosure in NJ and found out it was not attached to Town sewer and I actually had to extend the main line up to my property then put the lateral in and abandon an old cesspool.  

The use of the line depends on the goal and exit plan.

The roof is over the next door properties property line.

Sounds like their combined income likely beats your other tenants.Your gut is probably your best bet and you need to go with it. 

It’s not my place to cross that line…but let’s just say I learned of some serious generosity on his part, generosity that most of us cannot or will not (mostly “will not” from what I’ve seen) match – and I did not learn of it from Quincy.

I have done 3 showings with a few more lined up. 2 parties have expressed interest and I want to request your help in choosing between the options:Party1: Willing to pay $4,000 p.m.

Read some other comments - I guess it is technically a cash out refi, but you're paying off a line of credit as opposed to putting the cash in your pocket which is what I typically think of when there is a 'cash out refi'.

I like that, unlike with say trading for a hedge fund, I can create opportunities for others rather than solely line the pockets of someone richer (that being said I still intend to make money).