@Jared Schweiss It does not increase "re-sale" value, although I could see a tax assessor increasing the value of the property to charge more from that perspective. 

From there you should have a much better perspective as to what parts of the city make sense for your budget & risk tolerance. 

Is that all that's required to from legal perspective?

Thank you all for taking time to share your perspective and experience 

Replace the blinds, get rid of the carpet, change out the light fixtures, and do a fresh coat of paint.

I recently talked to a local insurance agent that has been assisting some of the out of town buyers with insurance policies and the majority of them have purchased these properties sight unseen without any knowledge of the neighborhood they're in, school district, condition of the home itself apart from the pictures with fresh paint and new countertop or even seeing the homes surrounding it that have been condemned by the city. 

I’ve learned a lot from the guys I work for - they each have a different perspective on issues and I’m super grateful to have them as resources. 

I'm starting fresh, but I'm ready. 

I'm gonna offer a different perspective than what's been noted just so you see another option.What if you sold your primary and parlayed that into a 4 family in Boston? 

Happy to chat with you from the property management perspective.