With that kind of equity you would be to find a newer, nicely performing Quad in a market that is appreciating. 

If things go sideways, you discovery greater rehab expenses, the market takes a turn for the worse, you can get in the red quickly. 

I'll hand it to Pace Morby tho- he is an amazing marketer. 

We always run a market analysis before making a purchase for ourselves or our investors.

I think it's the best market in the whole country in my opinion.

In my market, I only have one vendor qualified for appliance warranty work, and the warranty companies paid him half his standard fee for each service call. 

Go to their "contact us" page and find the representative in your target market. 

I am slowly going crazy with how expensive Massachusetts is and I am leaning towards looking at cheaper foreclosure properties.I understand there is some risk to this but I am beginning to think this is the only option I will have because of how fast the market is growing.Thank you for any insight you may have!

But it does give an easy way out for busy out of state heirs who don't want to deal with organizing with other heirs to redeem the property, put it on the market and split the proceeds.

On the surface, it might seem cheaper to hire a PM company, but when you factor in vacancies, maintenance, and under-market rents, you’ll likely come out ahead by managing it yourself.I used to work for a local investor with 500+ units, all in one town.