@Sarkis Gezalyan, I'm fine investing out of state (I have my eye on Western MA & Central PA).

If you're in a state like Massachusetts even if you're in the wrong and they DIDN"T put the money in a separate interest bearing account they're liable for triple damages. 

Is there a benefit to using a local institution vs and Online institution?

Hi All, looking for some clarification for how much a RE Salesperson License costs in MA per year.

Can anyone recommend a contractor licensed for 203k loans in the south shore Massachusetts area?

They want $5K certified check up front to close on her house she is already living in.I can't get past the point that her own lending institution is charging her $5K up front for closing when closing is nothing more than telling their computer system to drop her rate a smidgen. 

Here's the story: We recently purchased a rental property and since one of the units is a 3 bedroom we decided to get a lead paint inspection because in Massachusetts one is required if there is a child 6 years or younger living in the unit (which will most likely happen at some point with a 3br). 

I am quickly realizing it's difficult to find 1) properties which meet the 1% test, and 2) properties which cash flow positive from year 1 (unless we increase our down payment from 3.5% to something much higher).I would like to get two pieces of advice from the Bigger Pockets community in Massachusetts.

Institutional mortgagees typically don't mess up on this for normal foreclosures.On final note, the law on this topic can change pretty drastically depending on the state and the federal circuit.

My cousin is a midlevel manager for one of the larger institutional players and consults large big companies - he lost a beer to me in a bet as he did not believe it could be done!