Obtain a working knowledge of the local rental market. 

If you get greedy and put #3 in front of #1 or #2 you can get burned like any other 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!

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Not that I am aware of, but I am not aware of all softwares on the market. 

And , since I had been working in an industry I really wasn’t passionate about, this was my chance to try an industry that I have had a passion for for the last 12 years or so.

I think it's very dependent on the property and market. 

I'm actively seeking mentorship from someone with experience in similar markets who can shed more light on this process.

I know pools are a must have amenity to compete in many markets and I have to admit that I'm a bit hesitant to enter those markets due to the potential liability risk.

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