The other 3 units are gutted and basically need a complete rehab. 

These legal forms just basically involve the owner and the tenant verifying what is stated on the lease is what is actually happening and that the tenants are current on their rent- Once you take ownership and introduce yourself make sure you let the tenants know your preferred method of contact. 

I don't know, but from my basic knowledge, make sure you are pumping up the vacancy factor to account for the summer months being potentially vacant.

Basically if you draw a line from San Francisco to D.C. that's pretty close and they look to invest southern US markets that meet certain criteria. 

It's a basic banking practice.

Is there a basic percentage I can work off of? 

I am from East Boston, basically right outside Logan Airport

It doesn't look very good to me if they are this slow to help with basic questions from a person wanting to join if they say one of the benefits of online is that they are responsive.Anyways that was my introduction and thanks for your time. 

Ive been meaning to do a blog post on that, or throw the info on my website, but I havnt had time to get to doing it.In DC the regulations are basically the basement unit needs a seperate electric meter, 7 foot ceiling height on 70% of the basement, an egress window, and front and rear doors, only available to owner occupants. 

Basically it comes down to a plan working towards your vision.