Also lets say they sell at the auction for 200k at the auction is this considered a fair market value sale in the eyes of mass health or is mass health still going to require an appraisal be done?

Why would they buy an REO property in 2015 in a fairly nice neighborhood, and then abandon it??

it is fairly easy to find a lender to refi as long as you bought the property right. 

I want to make sure the GP is fairly compensated but not pulling too much cash out of the deal as compared with other deals you guys and gals have seen.The GP has already entered into contract to purchase.

Been an owner for 4-5 years, learned quite a few things already, among which is that a commercial kitchen is not something to be made or modified lightly - it has to be properly designed and properly made in order to function well.So I have this retail store of about 1100 sqft that someone wants to take for a small coffee shop with the ability to bake.My question is where do I start searching for someone to design/compute small walk-in cooler, grease trap, vent-a-hood, stove and HVAC on top of that so all this could become useable without anyone getting burned.From my past experience I have local mexican crews who can do any and all of the listed things and they'd do them relatively well except they won;t ever be designed to actually work well together.On the other end of the spectrum I've worked with american general contractors and they tend to cost 2-3 times the Mexican crews and, at least in my case, ended up delivering about same end result (in all fairness it was only kitchen remodeling, not design from ground up; but statement stands valid and I was able to later do almost the same at literally third of the cost).Your expertise is appreciated.

I wanted to check with all you folks, how I should go about finding a good one and make sure this property management company is working fairly.

As in so recently it is only confirmed by a fairly credible local paper.

If anything Michael will develop a good reputation in the community and people will want to rent from him, a fair and just landlord.

If you, a partner or your business have a good credit history you can get low lines of credit fairly easily from any traditional bank. 

Median home prices there are fairly low, plus i do know the neighborhoods.