.- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?

If not in the city, and not in the ETJ, then it's a lot easier, provided you can get water (probably need to drill water wells so thats a separate ground water district) and sanitation (some sort of onsite sewage treatment).

Better tenant selection and regular inspections will stop this from happening.

Then open a new Google Sheet file, click Open and then select Upload.

@V Reddy First, setting up an LLC to invest in real estate is generally to limit personal liability and for asset protection (select "magnifying glass icon" in top-right corner and search "LLC", you'll get a lot of feedback).

- select markets will be stronger than others.

In my state (NY) you have to accept these sorts of requests unless you can find a valid reason not to.

I’m curious to see if anyone has any experience in this sort of subject as if it would be easier to buy a home with a building already on it then ask the township for a permit or if we should continue to look to buy and build. 

DM me with what sort of contractor you're looking for and I'm happy to find out for you. 

I need a checklist of some sort.