I've never really done a deep dive in analyzing the area because it is a retirement community, median income is very low, and there arent a lot of jobs in the area.

I’ve been a serial house hacker in the greater Boston area so happy to connect and share some lessons learned.Multifams inventories are quite low depending on your budget and location preferences.  

Consider a HELOC for value-added BRRRRs or flips if you have a low interest rate.

@Michael DartenMichael,Let me know who choose and how it works out, I wouldn’t mind having a backup.

I’m going to echo what Tim Delaney and Rick Albert said: $8,000 isn’t a lot to work with, no matter where you choose to invest.

Hi Daniel, condos can be a great low-maintenance option for LTRs, especially for absentee landlords since the HOA handles exterior upkeep.

After 2 years you can apply for a “Rent consideration” (I think that’s what they called it) as long as you still live there and that may allow you to increase rents by more than the annual allowance (probably designed for unit that are very low rents).

His credit score is fine but his income is showing too low to get the loan, so I though maybe I could use my HELOC to make the purchase and do a Lease to Own.

Look for a location with low crime, then look for the neighborhoods with the best schools.

The city has great macroeconomics - population growth, job growth, and lots of companies choosing to move and develop here like Intel, Amazon, Meta, etc.