It sounds like you may be able to pull some equity from your present property - this would allow you to purchase another home, get rid of your monthly rent bill, while keeping the original property in the black and covered by rental income.

Lots of people there are the old Black Middle Class (think shop owners, or Union guys) that bought those homes during White Flight and have refused to leave the City or let people turn their neighborhood homes into halfway houses, adult foster care,etc. 

None of us local guys are going to open up our black books and give you all the info we had to work hard for.

Thats a huge black mark for them to get credit in the future...

This is a broad question , not a black and white answer.   

I highly recommend Tyler Black at Lukins and Annis for a Real Estate attorney.

I was in a property today and starting to add up kitchen gut of the project and my realtor pointed out the flooring was actually in decent shape it just needed a bit of work to tighten up, the cabinets would probably look pretty cool painted black, *maybe* a new piece of formica for the countertop and done.  

Sure the Realtor may be a liaison between the two parties and they may interact but in no way shape or form do the two work for one another....Appraisers in this environment seem to error on the side of caution based on what happened in the past it seems...As a result unique properties end up suffering because the value isn't in black and white and the appraisers aren't as creative/adventurous as they once were in a different era..Good luck but I agree with the majority, if you still have a healthy profit go for it as if you roll the dice the appraisal may even come in lower next time..best,Chris

The interior of one of the units was completely covered in black soot. 

Not to mention NHL Black Knights to begin next season.Terry LaoHistorical since Dec'16