A minor eventual lapse of a deadline or something but (1) it's better to know so you know what mistake to avoid in the future and (2) if everything you're saying is true, there appears to have been intention to deceive so all bets (for them) are off.

By looking at comps on the market that are similarly in size, upgrades or not, basement/ no basement, garage, backyard size, etc it can help you price out the property you're scoping out to re-sell or rent.

In addition to the price ask how many bedrooms, bathrooms, basement, attic, pool, deck, size, rent (if it is multifamily), location (how close to beach, transportation, job), updated or outdated appliances or cabinets etc the house has. 

That sort of implies a one size fits all loans approach to disposition and nothing could be further from the truth.  

I don't read the news much, but I can't think of one time either of those two places made the headlines unless there was a tornado or something...And just to handle a potential objection that always pops up when people decide to invest 1,000+ miles away from where they live:Objection: Properties are more affordable there than where we currently live.Objection Handler: You can get a "more affordable" meal off the dollar menu at McDonald's, but I bet you don't go out to eat there on a Friday night. 

Anyhow, I think your best bet is Hard Money or JV with someone (Lucy B, *hint* *hint*!)

I see surrounding market range with similar size is 200k -239k

The size of the house is pretty decent but it is a lot of work.  

If it's a decent sized multifamily and if you haven't raised the rent 50% in the past three years, but basically maintained them then I would probably use some equity to buy another well cash flowing property.

At this point, I'm not even sure what size facility to build.