For context I have a tenant who has been in the property for close to 10 years.

Does anyone have experience with buying rental or STR property there or have a connection there that I could speak to?

Right now, I’m focused on finding my first multifamily property to house hack in the New London, CT or Greater Boston area.Goals with BiggerPocketsI joined to connect with experienced investors, learn more about financing and property management, and take action on my first deal this year.

I've got properties in (2) towns currently that are around 10k people in each town.

So, we bought the property 2 years ago, based on the valuation of the property considering income from 6 units.The sale deeds (from 2018- 3 sales) I could get from the City and the property tax statements (2023,2024) show that the property is zoned as 411 (apartments).

My accountant's office called me the other day and let me know that I could amend my 2022 tax return and claim losses due to Hurricane Ian to a primary residence property and a investment property. 

Purchase price: $160,000 Cash invested: $45,000 My parents my wife and I own the property next to this one.

There are risks too, when buying condemned and burned-out houses because you may not be able to control the environment where these properties exist.

If you do the deal, ensure you have your property taxes set aside, because with seller financing there is not an impound process to handle the taxes and insurance. 

We had a property with this type of sewer and replaced it with PVC, a much improved product.