Is the Boston area too expensive?

[Kyle Marsh]

Hello,

Is the Boston area too expensive for rental properties? I am from Southshore Mass and I'm looking to invest in my first rental property. I am looking to use an FHA loan which means the PMI will make it a little tougher to generate cash flow. I've also been keeping an eye on the Amherst market near where I go to school, but that seems just as expensive. For other buy and hold investors in Mass, do you still look for deals in the suburbs around the city? Or does anyone focus on areas such as Fall River, New Bedford, or Providence where prices are much cheaper? I'm interested to hear what anyone has to say.

Thank you.