Good evening my name is Antonio i'm a mechanical contractor from New York.

The basement is pretty large... about 800 SF , not including the bathroom, laundry and mechanical/storage room.

This is, at best, a bad mechanism for assessing suitability.The better portals use a broker-dealer to clear their trades.  

PS- The last time I made a mistake was not checking quotes on my auto insurance and finding hundreds of dollars in saving after a number of years

Bill Joyner is my go to HVAC Repairman @Mechanical Technology right here in Virginia Beach.

Also, be aware they made me raise my auto coverage (two cars) so it really ended up costing more than that. 

The mechanics of the process are easy to understand, however it takes time to find sellers in situations where they want to sell below market value versus opting to work with an agent.  

By "good" water in your post, I assume some auto-correct software mangled that from what should be read as "cold" - correct?

Mechanics liens, irs liens, masshealth, property tax liens, etc"The properties are vacant, so unless somebody moves back into these properties, should occupancy concern me?

Questions to ask ones' self:1) Are similar units valued at $61,666/unit2) What are conditions of time limited items (Roof, Mechanicals, etc.)3) What is the Market Vacancy Rate for similar units within a 1 mile radius4) Are there any "Value Add" opportunities available on this asset5) I mention Cash Flow...what does my NOI tell me it's worth6) Could I make than $533/mth if I invested my Capital somewhere else7) What are the Local Market Conditions telling me to do - Will I be able to exit from this property in the future for a loss or gain based on my homework8) Is my Capital "safe" in this vehicle - Risk Assessment Acceptable to me9) Did I account for all of the expenses, projected expenses and can the building live out my projected hold term without any major capital improvements and if not did I account for them in my projections10) Since I know this is a Business Decision and not an emotional decision...does this acquisition make Business Sense to be in my Portfolio (Core Model)If you can answer these questions and determine that this is a good fit for you, and you're happy with your return, then it could be a good deal...to you and that's all that matters until you go to sell it.