That way you do not have to familiarize yourself with laws written in every little municipality you travel through. 

Are you familiar with that area?

@William EllisI am not familiar with your market but what I did here in mine was I borrowed hard money to basically cover the purchase and rehab. 

I offered $185k which was immediately accepted.I was surprised by how quickly I picked this up because I had made 3 other “low’ offers on other units that had all been bid up well above the original asking price.I say low because I was only under-bidding by about 5%.I thought 5% below asking was a good deal, but know I know you should look closer to 20-30% below market value.Now, I did some things right on this property.It was a 4bed/2.5bath at 2550 sq. ft. purchased at about the trough of the downturn.During the 3 years I lived there, I had 4 roommates at various times, pulling in an extra $21k total (sound familiar to Brandon Turner’s “house hacking” philosophy…great minds think alike???).

I grew up near there, so I am somewhat familiar.  

Depends on how many days on market, how complex the rehab is, whether there's anything about the property that you can't fix with a rehab (small lot, no dining room, etc), and whether you are doing a fix and flip or buy and hold.In my area, 10%-15% seems to be pretty common, but I'm not too familiar with the Tacoma market.Keep in mind that this number (ARV minus costs minus discount) is your maximum purchase price, not your initial offer.  

I'm familiar with the Boston market, and I'm a licensed Real Estate agent.

Is anyone familiar with this?

Talk to a realtor that is familiar with the neighborhood and ask for comps for similar properties.The listing states that the property is AS-IS, which means you get to inherit all of the problems it comes with. 

In fact, Wayne county borders up against Washtenaw county where you are familiar with *AA and Ypsi).