Investment Info: Multi-family residential buy & hold investment located a 20-mile drive or 25-minute ferry ride from downtown Boston in the beach town of Hull, Massachusetts, also known as Nantasket Beach.Purchase price: $550,000 in 2016Cash invested: $137,500 from 1031 exchange (75% mortgage)A 14-unit property on a corner lot, and it includes an adjacent lot as well (10,000 sq ft total lot size, double the town median lot size), giving an exceptionally large patio, yard, parking areas front and back, and a storage shed.

"I got on Zillow and saw some houses that looked nice one night so decided to connect with an agent at 2am on a Sunday morning. 

@Jonathan Greene Looking forward to some nice sunny weather and meeting like minded individuals in the business.

It would be nice though if they communicated and if they need to ride it out so be it thats just the market we are in for those types of assets.

Nice work:)

@Osvaldo Guerra, there are too many nice places to house hack.

That property is cash flowing now and has built a nice chunk of equity. 

Very nice!!

We're signing 3-5 year escalating commercial leases, which is awesome.Generally, what we've been estimating is that if this is a pretty nice residential assisted living home, that we will get $800-1100 PER resident. 

**Future plans**: After a few years, we aim to put a down payment on a piece of land and move the mobile home there.Our goals are to build equity in our current house while working towards owning a nice piece of land and maybe eventually building a nice house on it.