it is almost impossible to argue that a minimum floor with a maximum ceiling isn't a fair compromise for both parties.3) Fair Market Value - This requires extensive detail to define what is "Fair Market Value", how it is calculated.

The search will be challenging, but far from impossible. 

Also in our area we have excise tax or personal property tax on vehicles.    

I also have an electric vehicle and can skip traffic using the HOV lanes although I mostly used BART or the bus.$600k-$800k may not be enough to get a place that is assigned to one of the top elementary schools.

If I would have paid cash for the vehicle I would have nothing but a depreciating asset on my hands. 

It's a longer episode, but I strongly suggest listening to it so you understand what this investment vehicles is.Look for "Passive Income Investing in Mortgage Notes" (Episode #012)Do you have a Solo 401(k) set up already, or are you looking into it?

Well since the Boston market is so high it's nearly impossible to find the right place for the right cash flow. 

Ignore the tenant's income and vehicle and just say no.  

If you have no cash in the deal it will be hard, but not impossible, to have cash flow on the property.

I was told recently that if you exceed the deadline you get hit with a deluge of fees, making it impossible to pay off.