On another note...I'm a new transplant to Maryland.

The average 1st time buyer/investor here on BP in the Bay Area is using an FHA Loan or some other loan where they only have to put 3.5% to 5% down and they "hope to live rent free".

Belmont and San Carlos have been enjoying the benefits of these transplants from Palo Alto, seeing some of the highest growth in home values since the recession.

As a recent transplant from Denver, I can personally attest to the elevated cost of building and working here.

The most common strategy of using a FHA loan is to house hack which means that as you do your owner occupy of the property, you could rent out the other rooms inside yourself to offset the payments of the mortgage, if leveraged well you will be able to live rent free which is the goal of many house hackers. 

I am looking for live real estate trainings  and networking events near Boston and RI areas so that i  can attend and learn more about multifamily investment I am planning to invest in multifamily or single family vacation rental in Newport / Narangansett area . 

That being said, I'm now looking to house hack a 2-4 unit property because that will give me better scale and I'll be able to live rent free rather than sinking thousands into some SF landlord apt owners pocket each month.

I believe that once the backlog of distressed properties is cleared out there will be more upward pressure on home prices from bay area transplants moving to the area.  

Rather than rent to 'vacationers' we rent to patients who come from vast distances and stay anywhere from a week to a couple of months for a transplant procedure or cancer treatments.

"You can get that abortion, but the liver transplant you need to survive?