I recall the appeal process being more manual using comps etc to determine the valuation more like an appraiser would.

How would you go about determining if 30 percent of the street or immediate area has turned?

If you are able to determine the real ARV and rehab costs, can know the neighborhood and what your comfort level is, then I would jump on it.

Once you determine if you need a permit or not, the Building Department should have a fee schedule that can be used to calculate your permit cost. 

So if somebody touts himself all over podcasts and the internet as an experienced operator across several large MF properties despite only having raised capital for those deals, doesn't he seem like an experienced operator to anybody spending 30+ seconds to research that person?

And since so few are ever audited it is difficult to create a large enough bank of case law to made hard and fast determinations.  

Hi again @Sara Taslitt, you can find some pretty good standard leases on the internet but Massachusetts is very particular with their laws so I think it is worth it to hire a good attorney to provide a lease for you.

I got that 150K limit from a successful speaker on the internet that I believed. 

With us occupying one of the units, the total gross rent from the other 2 units would be $1,065 per month.I've used the rental property calculator to plug in some numbers and trying to determine if this is a good buy, long term. 

I have read on the internet and from few other people that it is not the right time to purchase a property as there is a prediction going around about market crash.