Help With First Rental Property Investment

[Jami Rahman]

Hi Everyone!

So I am a recent grad working in the pharmaceutical industry. I wanted to begin investing in a rental property near or around Boston. I am looking to invest with $100,000 down payment for a apartment/condo/multi-family house ranging from $250,000 to $400,000. I am planning to use a property management company (I believe that will cost about 10% of my monthly rent). Although I am just a beginner starting out, I am very committed and financially smart. But I had some questions for everyone here, hoping to get some help from some experts and kind investors.

Can you please provide some scenarios (with my given criteria) where I can expect to earn at least some positive cash flow from renting out a place while paying off the mortgage?

Where can I look to invest in a whole apartment building (6+ Units) with one or two other people near Boston? Is this a good idea in your opinion?

Perhaps Boston isn't the right place to start with my first rental property investment....the prices are quite high (as you'd expect). What other growing cities/towns are worth looking into? I would prefer college towns. Is Manchester,NH a good place to invest in?

Any other advice or resources would be much appreciated.

Thank you all so much for your help and support, I am really excited to learn from everyone here. And trust me, I won't close a deal or finalize anything without the proper research and acquiring various opinions :)

Kind regards,

Jami