For that reason, the appraiser should report the basement or other partially below-grade areas separately and make appropriate adjustments for them on the Basement & Finished Rooms Below-Grade line in the Sales Comparison Approach adjustment grid.For consistency in the sales comparison analysis, the appraiser should compare above-grade areas to above-grade areas and below-grade areas to below-grade areas.

Bottom line, if you are a serious buyer, make a serious offer.

I found this pamphlet on-line, but was wondering is there is any other information or pamphlets that are required when renting older homes? 

After building some rapport, he offered a 23 unit brick complex in a solid location on the New Britain /Kensington line for 300k down then eventually lowered it to 250k down for a length of 10yrs @ 6% and wants 55k per unit.

I look it over with the team, and now we are converting 3 of our 1 bed units into 2 bed units.

Now some of this info was relayed to me (I no longer live near the area) and this is what I know, relayed by the other twin's owner:Developer started to dig down into the ground and realize it's a high water line area.

All funds, coming and going, must pass the security checkpoint first, before moving through the door to the next location.1 - The loan money sits in that account until the borrower/REI has the investment lined up that will make the payments back to the lender. 

I would figure out a way to get another type of loan and put a little more money down but ensure that you are doing it correctly so you don't have to cross the line with any legalities. 

I'm thinking worst case scenario if something happens on one property, I don't want the other property on the line. 

The bottom line is will it cash flow and you need all of the information they're asking before you'll really know the answer.