You should be represented by a commpetant agent on this deal and she'll go over the contract eitha  fine tooth comb to make sure that your concerns are resolved.Quote from @Lyle M Smith: Hey BP - Newbie trying to execute my first deal here.

Which also BTW the auto industry and some politicians fought tooth and nail.

That's the conclusion I came too.

@Jed Leviner Find someone you know and like, preferable they like you and know your business too.

My first house I just closed on the middle on the month is directly across the street too :) the only reason why I asked was because the Boston Area like a nice place to move too.

But when you're going to brokers as a 'value add' buyer, and go and inspect the building with a fine tooth comb for errors, you're not REALLY a value add  buyer)

Also, you can work with other investors who might be able to get you the returns you are looking for and you can learn along side them too. 

While they both will require alot of land work, retaining wall, possible switch back driveway, and most important a proper drainage system to prevent erosion and under mining, building on an up slope has a slight advantage.

If tenant does not make it and you paid based on inflated rent then you can have erosion of equity upon releasing closer to market rates for second generation tenants.Median income is about 56,000 nationally so I tend to look for more affluent areas with higher density and incomes.There are many,many things to look for.

The expenses are really high here too.