@Mario Bellavia That is great advice! A hard no for me was anything above the "Dwight" neighborhood, which is where the "Ville" in Newhalville, etc. comes in. Crime sucks and rents are lower, and it will probably be the last neighborhood to improve. Regarding The Hill, I've scoped out a few off-market deals with my agent that are either close to that Union Ave train station, or in more walkable sections ex. close to Yale NH Medical, etc. You are totally right abt the walkability on Google Maps tip, and it's something I've been carefully analyzing for every property!
@Amaan Hassanali That is true. My counter to that, though, would be that I couldn't find anything that would cashflow if I bought it as-is, with tenants in place already and with under a 20% down payment. However, once you look at 2bdrs over a certain square footage, have off-street parking, do a small bit of renovating, and do 20% down, it seems like the numbers work well. But that is a big ask though, because with dp + closing + reserves you'd need around $80k in the bank for this.
My big thing is grabbing stuff with vacancy. I don't want to deal with pending evictions, a contingency for the eviction, going in to find piss on the walls, etc. I have tenants already lined up whom I've sourced online, through word of mouth, etc that are moving to the city for work and willing to pay the rents I intend to charge, so I just need to close and get them touring asap.
