First SFH for long term investment in MA (Middlesex County)?

[Elena C.]

Hi BP,

It's been more than a year since I posted an intro and expressed interest in starting my REI journey. We are back on track now. This time, we are ready to dive in. My husband and I are planning to purchase our first SFH. We are planning to live in it for the most part and considering renting out/airbnb the attic or basement.

A little bit about our background, I am currently still a student in Cambridge with a student stipend. My husband (USAF) is moving to Boston in March to work in Hanscom AFB. As of now, renting a one-bedroom apartment cost around $2,400 Cambridge. It will be about the same for an entire house on base, however, I think it is better to just get a SFH with VA loan ($688,850 limit for Middlesex county, 0% down payment) and put that rent money into our mortgage instead. This way, we build up equity in a house and can resell it later on to "break even". Will still feel like we lived there for free if the property appreciate over the years, right?

I am currently looking at buying a SFH in Waltham, Malden, Melrose, Everett, or Revere. Considering house hacking, but we dont know much about it.

Would love to hear from experienced investor in the area. Is this a good way to start off? Any suggestions/advice? 

Is there any meetup in the Boston area?

Thanks!