They sent me a contract to sign with the purchase price and timeline.My concern is how they can provide a price without even inspecting the property.

I am definitely ready to move forward. 

I bought it last year because I thought the price was pretty good considering it's located in Brookline and gives good cash flow.

Definitely going to be safer going forward.

I recommend looking at Furnished Finder, Airbnb and Zillow for comparable MTRs in the area to understand pricing and the level of furnishings you need to be competitive. 

Purchase price: $120,000 Cash invested: $120,000 Sale price: $349,000 Nice mid century bungalow conversion to 4 bedroom 2 bath

Purchase price: $240,000 Cash invested: $180,000 Sale price: $789,000 3 Story Victorian build in 1900

Areas that are cash flowing are lower priced and do not appreciate as an asset that has appreciation but lower cash flow.Lastly if you want a detailed response on BP it’s better to do research and ask detailed questions.

Purchase price: $160 Cash invested: $108 Sale price: $355,000 Vintage 1900 2 Story 1650 Square FT Complete stud to stud restoration What made you interested in investing in this type of deal?

Check with your Secretary of State to see how it is handled in your area to understand best steps forward.