Providence (RI ) / Fall River (MA) / New Bedford (MA)

[Account Closed]

Hi BiggerPockets, 

I am interested in acquiring my first investment property/properties. I am located in Boston, MA, but I am right now looking at Providence, RI, and Fall River / New Bedford, MA as potential options. Ideally, I would like to acquire 2-3 unit multifamilies. I would like to invest around $80K into 2 separate multifamilies...$40K each. Assuming 20% down payments, that limits the purchase price of each property $200K.

Is this budget reasonable for the cities I am looking at?