Thanks everyone for all the feedback and food for thought!

Account Closed One of those little drive up coffee stands.A place to let people park their food trucks over the dinner hour. 

I've never really had a "job job" I worked at fast food and for a management company and was let go.

I really want to thank all of you for posting these- a lot of food for thought.

Just food for thought.  

I grew up lower lower middle class, we used to take food out of dumpsters and lived in a trailer so asking for help purchasing a building wouldnt be an option.

Good food for thought. 

Granted the wood is likely original timber which is more dense and stronger than today's x-generation wood.There's no doubt it would be easier to tear down and build new, but you're not going to get every house under contract to be able to afford that, especially in Boston where it's going to run you at least $150/sq ft - closer to $175-185 and it can go up very quickly if you get into higher end homes with higher end finishes.

I’m going to recap the highlights that made this deal great and cover how I raised money to purchase the deal with two partners.Highlights: Off market deal, I negotiated directly with the out of state ownerGreat location, walking distance to a small downtown with bars, restaurants, fitness, grocery stores, shops and a new Whole Foods opening in the FallPurchase price $470,000 in rent ready condition, monthly rents projected to be $5,700, monthly cash flow $2,200 and cash on cash return year 1 greater than 21%Major value add opportunity to upgrade units in 1 or 2 years with new appliances, countertops, flooring, etc.One of the hardest things in the real estate game is raising money for your deals.

Food for thought.