Hey everyone,My name is Axel, I live in the UK and I'm new to REI. I currently have no experience but I'm learning quickly. I'm interested in buy and hold multifamily properties hoping to eventually move up to apartme...

With regard to the New England market, and specifically Rhode Island..

Hey BP,As all of us in New England, Boston, Massuchusetts last winter was really cold and snowy.My tenants in my;-NON insulated- built in 1912 --1300sqft per unit w high ceilings -2 familywere very cold and burned thru some serious OIL.I worked with mass save this fall and have a quote for about $9500 to do the entire house.

@Scott England and @Matt Motil are on target with their assessments as well.Good luck with your closing and new tenants.

Traditionally, New England has always been more expensive than many other markets.  

@Michael Morton If you are going to invest in New England, learning to deal with lead paint is just going to be a fact of life.

Homes from 1900 and even earlier are common in my part of the country -- New England.

I don't know South Florida but have met contractors like this in New England and Midwest. 

We focus almost exclusively on retail properties throughout the New England market and beyond. 

I just wanted to see what experienced property investors think about my current situation and what would be the best way to start.Just a bit of background....I'm 20 years old, based in England (so processes may be slightly different), went to University and dropped out after 1 year because I wanted to start a business.