We haven't checked on pricing recently but one of our main trading partners should be wrapping up trades soon that they got for 10 points less than they normally would.We have 4 re-performers in Ch 13 BKs.

This is where soft skills matter.

hey all, im an engineer by trade, been working on RF Electronic warfare systems for our national security systems for about 10 years.

I am not new to investing in general - I have a passion for stock/stock options trading, but I have always loved real estate and now have caught the bug to make it a reality.I am in the Boston, MA area, and realize the market is very expensive.

If you were already in the trade or business and this was ongoing training, then no reason to capitalize - it would have been expensed.Perhaps provide the forum with a bit more information - when the business started, how it relates to the training, what other start up costs may have been incurred.

You can manage the property, maybe you have some craftsman/trades skillsets?

The appraisal was based on an income approach which takes the final product proforma NOI and divides it into a trading cap rate indicative for the area to arrive at a future value. 

As Scott Trench would say it, create a year of financial runway to: pursue real estate, start a business, or gain a high income skill that can rocket propel your income and thus savings to invest.

You can either use your gut and negotiation skills to come up with a number, or take the information and go back and do some research. 

These types of properties have better paper cash flow, but that typically comes with dealing with more issues day to day as a trade off. - It may be $150k because there is a lot of immediate repair work you are walking into possibly?