More baffling is the loan folder contains an appraisal that somehow justifies the high price.

@John DeMayo - A 4 BR in my neighborhood near Glen Park would go for $4K, but Vis Valley is a working class hood containing the city's largest public housing project.

The local newspaper and local news broadcasts will likely contain stories about new economic development that may be planned for the area.

But a simple search should reveal the various lenders out there and contain some info/feedback. 

The sad part is the Agent was the Owner and attested one laundry room converted to an un-permitted 'unit', containing 1bed/1ba, no kitchen and a known illegal immigrant in residence, cash rents under the table.   

Perusing through my broker's policy manual, it does say that all advertisements must be approved by the company, are owned by the company, and must contain a keyword disclosing that you are real estate professional (e.g., broker, agent, etc.). 

What about the following clause in the MA Legislature (the last paragraph seems to imply that I can only inspect it within the last 30 days of their lease, doesn't seem like I can do regular 6-month inspections):Section 15B. (1) (a) No lease relating to residential real property shall contain a provision that a lessor may, except to inspect the premises, to make repairs thereto or to show the same to a prospective tenant, purchaser, mortgagee or its agents, enter the premises before the termination date of such lease.

I have yet to have a tenant abuse this arrangement in the 5 years I've been using it.I'm in SC, and like Lynn Z my lease contains the language: THIS IS YOUR NOTICE: If you do not pay your rent within 5 days of the due date, Landlord may begin eviction proceedings.

Elements of a Legally Binding ContractAn agreement/contract must contain essential elements to be regarded as a contract.

I recently sold 2 that were older than 1976.1968 2 bed/1 bath for $24,9001970 2 bed/1 bath for $28,000In some areas, you may need to upgrade the home to local code standards.1 - Sheetrock around heater and hot water heater and within 6 inches of cook top.2 - Egress (escape) windows in bedrooms.3 - Electrical - older than 1976 may have aluminum wiring instead of copper and pugs and switches may need to be upgraded.4 - Linoleum may contain asbestos and might need to be removed.Hope all this is clear.